Daseke, Inc. (NASDAQ:DSKE) Receives $10.17 Consensus Target Price from Analysts

Shares of Daseke, Inc. (NASDAQ:DSKE) have been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.17.

Separately, Zacks Investment Research upgraded Daseke from a “sell” rating to a “hold” rating in a research report on Monday, December 27th.

NASDAQ:DSKE traded down $0.06 during trading hours on Friday, hitting $9.47. The stock had a trading volume of 269,951 shares, compared to its average volume of 245,163. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 5.18. Daseke has a 1-year low of $4.97 and a 1-year high of $10.71. The business has a 50 day simple moving average of $9.88 and a two-hundred day simple moving average of $9.09. The company has a market cap of $591.77 million, a PE ratio of 12.63 and a beta of 2.09.

Daseke (NASDAQ:DSKE) last announced its quarterly earnings data on Thursday, October 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). The firm had revenue of $424.60 million for the quarter, compared to the consensus estimate of $420.05 million. Daseke had a return on equity of 81.07% and a net margin of 3.75%. During the same quarter last year, the business earned $0.31 earnings per share. Research analysts expect that Daseke will post 0.72 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in Daseke by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 185,093 shares of the company’s stock worth $1,200,000 after acquiring an additional 1,205 shares during the period. Valmark Advisers Inc. lifted its holdings in Daseke by 3.1% during the 3rd quarter. Valmark Advisers Inc. now owns 97,346 shares of the company’s stock worth $897,000 after buying an additional 2,965 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Daseke by 23.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 22,266 shares of the company’s stock worth $205,000 after buying an additional 4,165 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Daseke by 34.9% in the 2nd quarter. Moors & Cabot Inc. now owns 18,479 shares of the company’s stock valued at $120,000 after purchasing an additional 4,785 shares during the period. Finally, Citigroup Inc. raised its stake in Daseke by 187.7% during the 3rd quarter. Citigroup Inc. now owns 8,051 shares of the company’s stock worth $74,000 after buying an additional 5,253 shares during the period. Institutional investors and hedge funds own 36.19% of the company’s stock.

About Daseke

Daseke, Inc engages in the provision of transportation and logistics solutions. It operates through the Flatbed Solutions and Specialized Solutions segments. The Flatbed Solutions segment delivers its services through flatbed and retractable-sided transportation equipment to meet the needs of high-volume and time-sensitive shippers.

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