Daseke (DSKE) Cut to “Hold” at Craig Hallum

Craig Hallum downgraded shares of Daseke (NASDAQ:DSKE) from a buy rating to a hold rating in a research report released on Tuesday morning, The Fly reports.

DSKE has been the topic of several other reports. BidaskClub downgraded Daseke from a hold rating to a sell rating in a research report on Tuesday, September 25th. Cowen restated a buy rating and issued a $13.00 price objective on shares of Daseke in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $14.88.

Shares of NASDAQ:DSKE traded down $0.21 on Tuesday, hitting $5.52. The company had a trading volume of 36,167 shares, compared to its average volume of 393,075. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.43. Daseke has a 52-week low of $5.17 and a 52-week high of $14.52. The company has a market capitalization of $364.76 million, a P/E ratio of -9.38 and a beta of 1.42.

Daseke (NASDAQ:DSKE) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Daseke had a net margin of 3.77% and a return on equity of 2.33%. The company had revenue of $461.59 million during the quarter, compared to analysts’ expectations of $430.29 million. During the same quarter in the prior year, the company earned ($0.03) earnings per share. The firm’s revenue was up 99.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Daseke will post 0.13 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC acquired a new position in Daseke in the first quarter valued at $148,000. Arcus Capital Partners LLC acquired a new position in Daseke in the third quarter valued at $164,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Daseke in the second quarter valued at $168,000. Cubist Systematic Strategies LLC acquired a new position in Daseke in the first quarter valued at $168,000. Finally, MetLife Investment Advisors LLC increased its stake in Daseke by 67.3% in the second quarter. MetLife Investment Advisors LLC now owns 19,836 shares of the company’s stock valued at $197,000 after purchasing an additional 7,978 shares during the last quarter. Hedge funds and other institutional investors own 37.85% of the company’s stock.

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.

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The Fly

Analyst Recommendations for Daseke (NASDAQ:DSKE)

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