Daseke (DSKE) Stock Rating Lowered by BidaskClub

Daseke (NASDAQ:DSKE) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts also recently weighed in on DSKE. Northland Securities reiterated a “buy” rating and set a $17.50 price target on shares of Daseke in a research note on Monday, December 11th. Stifel Nicolaus restated a “buy” rating and issued a $15.00 target price on shares of Daseke in a research note on Sunday, October 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $14.88.

Daseke (NASDAQ DSKE) traded up $0.01 on Friday, reaching $13.97. 154,624 shares of the company’s stock were exchanged, compared to its average volume of 176,577. Daseke has a 1 year low of $8.76 and a 1 year high of $14.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.89 and a current ratio of 2.88.

Daseke (NASDAQ:DSKE) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.09). The business had revenue of $231.32 million for the quarter, compared to analysts’ expectations of $214.48 million. The business’s quarterly revenue was up 32.8% on a year-over-year basis. sell-side analysts anticipate that Daseke will post -0.54 EPS for the current fiscal year.

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About Daseke

Daseke, Inc is a consolidator of the open deck freight market in North America. The Company provides open deck transportation and logistics. It operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.

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