Daseke (DSKE) Lowered to “Hold” at BidaskClub

Daseke (NASDAQ:DSKE) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages also recently issued reports on DSKE. Northland Securities reaffirmed a “buy” rating and issued a $17.50 price target on shares of Daseke in a research report on Monday, December 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $15.00 price target on shares of Daseke in a research report on Sunday, October 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $14.88.

Shares of Daseke (NASDAQ:DSKE) traded up $0.17 during trading hours on Friday, hitting $14.15. The stock had a trading volume of 206,900 shares, compared to its average volume of 127,928. Daseke has a 12 month low of $8.76 and a 12 month 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 issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.09). The firm had revenue of $231.32 million during the quarter, compared to the consensus estimate of $214.48 million. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. sell-side analysts predict that Daseke will post -0.58 earnings per share for the current year.

A hedge fund recently raised its stake in Daseke stock. Schwab Charles Investment Management Inc. lifted its stake in Daseke Inc (NASDAQ:DSKE) by 93.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,320 shares of the company’s stock after buying an additional 66,176 shares during the period. Schwab Charles Investment Management Inc. owned about 0.31% of Daseke worth $1,963,000 at the end of the most recent reporting period. Institutional investors own 34.15% of the company’s stock.

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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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