Cowen Reiterates “Buy” Rating for Daseke (NASDAQ:DSKE)

Daseke (NASDAQ:DSKE)‘s stock had its “buy” rating reiterated by Cowen in a research report issued on Monday, May 6th, AnalystRatings.com reports. They presently have a $6.50 price objective on the stock. Cowen’s price objective would suggest a potential upside of 49.43% from the stock’s previous close.

A number of other analysts have also issued reports on DSKE. ValuEngine lowered Daseke from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. BidaskClub raised Daseke from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Craig Hallum raised Daseke from a “hold” rating to a “buy” rating in a research note on Monday, March 11th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Daseke in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. Daseke presently has an average rating of “Hold” and a consensus target price of $10.00.

DSKE traded up $0.14 during trading on Monday, hitting $4.35. The company’s stock had a trading volume of 202,339 shares, compared to its average volume of 315,980. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.69. Daseke has a twelve month low of $3.13 and a twelve month high of $10.19. The firm has a market cap of $280.55 million, a P/E ratio of 6.80 and a beta of 1.30.

Daseke (NASDAQ:DSKE) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.12. Daseke had a positive return on equity of 5.50% and a negative net margin of 0.80%. The company had revenue of $433.00 million for the quarter, compared to analyst estimates of $420.96 million. During the same period last year, the company earned $0.10 earnings per share. Daseke’s quarterly revenue was up 32.2% compared to the same quarter last year. Equities research analysts forecast that Daseke will post -0.3 EPS for the current year.

Several large investors have recently modified their holdings of DSKE. Geode Capital Management LLC grew its holdings in shares of Daseke by 14.7% in the 1st quarter. Geode Capital Management LLC now owns 624,230 shares of the company’s stock worth $3,177,000 after acquiring an additional 80,216 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Daseke by 141.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 609,602 shares of the company’s stock worth $3,103,000 after acquiring an additional 356,889 shares during the period. Timucuan Asset Management Inc. FL acquired a new stake in shares of Daseke in the 1st quarter worth approximately $153,000. Northern Trust Corp grew its holdings in shares of Daseke by 1.5% in the 1st quarter. Northern Trust Corp now owns 504,498 shares of the company’s stock worth $2,568,000 after acquiring an additional 7,481 shares during the period. Finally, Kennedy Capital Management Inc. grew its holdings in shares of Daseke by 9.4% in the 1st quarter. Kennedy Capital Management Inc. now owns 475,496 shares of the company’s stock worth $2,420,000 after acquiring an additional 40,792 shares during the period. 33.18% of the stock is currently owned by hedge funds and other institutional investors.

Daseke Company Profile

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

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Analyst Recommendations for Daseke (NASDAQ:DSKE)

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