Daseke Inc. (DSKE) Given Consensus Recommendation of “Buy” by Analysts

Shares of Daseke Inc. (NASDAQ:DSKE) have received an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.13.

DSKE has been the topic of several analyst reports. BidaskClub raised Daseke from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Buckingham Research initiated coverage on Daseke in a report on Friday, February 23rd. They issued a “buy” rating and a $14.00 target price on the stock. Cowen reissued a “buy” rating on shares of Daseke in a report on Monday, February 26th. Seaport Global Securities began coverage on Daseke in a report on Tuesday, March 6th. They issued a “buy” rating on the stock. Finally, Stifel Nicolaus began coverage on Daseke in a research note on Friday, April 6th. They issued a “buy” rating and a $12.00 price target for the company.

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In related news, Director Kevin M. Charlton sold 80,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $9.99, for a total transaction of $799,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 37.22% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new stake in Daseke during the fourth quarter valued at $169,000. Crestline Management LP purchased a new stake in Daseke during the fourth quarter valued at $701,000. California State Teachers Retirement System increased its position in Daseke by 16.9% during the fourth quarter. California State Teachers Retirement System now owns 38,008 shares of the company’s stock valued at $543,000 after acquiring an additional 5,483 shares during the last quarter. Two Sigma Investments LP increased its position in Daseke by 107.6% during the fourth quarter. Two Sigma Investments LP now owns 98,556 shares of the company’s stock valued at $1,408,000 after acquiring an additional 51,077 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new stake in Daseke during the fourth quarter valued at about $316,000. Institutional investors own 31.64% of the company’s stock.

Daseke stock traded up $0.18 during mid-day trading on Wednesday, hitting $9.17. The company had a trading volume of 569,097 shares, compared to its average volume of 463,456. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 2.01. Daseke has a 12 month low of $8.76 and a 12 month high of $14.52. The company has a market capitalization of $513.95, a price-to-earnings ratio of -15.28 and a beta of 0.70.

Daseke (NASDAQ:DSKE) last released its earnings results on Friday, March 16th. The company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. Daseke had a negative return on equity of 7.54% and a net margin of 3.09%. The business had revenue of $257.23 million for the quarter, compared to the consensus estimate of $253.61 million. equities research analysts predict that Daseke will post 0.06 EPS for the current year.

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Daseke Company Profile

Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through Flatbed Solutions and Specialized Solutions segments. The company transports heavy haul freight, defense and commercial arms, ammunition and explosives, radioactive cargo and hazardous materials, and commercial sheet glass, as well as offers 10-wheel drive-away services.

Analyst Recommendations for Daseke (NASDAQ:DSKE)

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