Daseke (NASDAQ:DSKE) Raised to C- at TheStreet


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TheStreet upgraded shares of Daseke (NASDAQ:DSKE) from a d+ rating to a c- rating in a research report report published on Monday morning, TheStreetRatingsTable reports.

Several other equities research analysts also recently issued reports on the stock. Cowen decreased their price objective on shares of Daseke from $8.00 to $7.50 and set an outperform rating for the company in a research note on Wednesday, January 6th. Zacks Investment Research upgraded shares of Daseke from a strong sell rating to a hold rating in a report on Tuesday. Finally, Northland Securities upgraded Daseke to a buy rating and set a $8.50 price target for the company in a report on Thursday, March 11th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $8.44.

DSKE stock opened at $8.46 on Monday. The company has a market cap of $550.15 million, a PE ratio of -21.69 and a beta of 2.00. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 8.72. The stock has a 50-day moving average price of $6.82 and a two-hundred day moving average price of $6.26. Daseke has a 12-month low of $1.11 and a 12-month high of $9.00.

Daseke (NASDAQ:DSKE) last released its quarterly earnings data on Friday, January 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.16. Daseke had a positive return on equity of 33.15% and a negative net margin of 1.28%. The business had revenue of $335.60 million for the quarter, compared to analyst estimates of $334.10 million. Equities analysts forecast that Daseke will post 0.37 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Daseke by 2.6% during the fourth quarter. BlackRock Inc. now owns 3,383,630 shares of the company’s stock valued at $19,659,000 after purchasing an additional 84,796 shares during the period. Renaissance Technologies LLC grew its holdings in Daseke by 16.4% during the 4th quarter. Renaissance Technologies LLC now owns 943,955 shares of the company’s stock valued at $5,484,000 after purchasing an additional 133,045 shares in the last quarter. Morgan Stanley increased its stake in Daseke by 1,152.9% during the 4th quarter. Morgan Stanley now owns 912,904 shares of the company’s stock worth $5,304,000 after buying an additional 840,042 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Daseke by 76.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 440,547 shares of the company’s stock worth $2,560,000 after buying an additional 191,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Daseke by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 419,187 shares of the company’s stock worth $2,436,000 after buying an additional 9,741 shares in the last quarter. 25.83% of the stock is owned by institutional investors.

About Daseke

Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in the United States, Canada, and Mexico. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture.

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