Daseke (DSKE) Upgraded at BidaskClub
Daseke (NASDAQ:DSKE) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
A number of other equities research analysts also recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Daseke in a research report on Sunday, October 1st. Northland Securities reaffirmed an “outperform” rating and issued a $16.00 price objective (up previously from $13.75) on shares of Daseke in a research report on Wednesday, September 27th. Finally, Cowen lifted their price objective on Daseke from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.50.
Daseke (DSKE) opened at $13.20 on Thursday. The company has a quick ratio of 2.89, a current ratio of 2.88 and a debt-to-equity ratio of 2.05. Daseke has a 1 year low of $8.76 and a 1 year high of $14.28.
Daseke (NASDAQ:DSKE) last released its quarterly earnings results on Thursday, November 9th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.09). The business had revenue of $231.32 million during the quarter, compared to the consensus estimate of $214.48 million. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. analysts predict that Daseke will post -0.55 earnings per share for the current fiscal year.
Daseke Company Profile
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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