Daseke (NASDAQ:DSKE) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday, February 17th.
Separately, Northland Securities reaffirmed a “buy” rating and issued a $17.50 target price on shares of Daseke in a research report on Monday, December 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.70.
Daseke (DSKE) traded down $0.21 during trading hours on Friday, reaching $10.37. 275,988 shares of the company’s stock were exchanged, compared to its average volume of 436,702. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.89 and a current ratio of 2.88. Daseke has a fifty-two week low of $8.76 and a fifty-two week high of $14.52. The company has a market cap of $460.35 and a P/E ratio of -12.49.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DSKE. MetLife Investment Advisors LLC purchased a new position in shares of Daseke during the 4th quarter valued at $169,000. Goldman Sachs Group Inc. bought a new stake in shares of Daseke in the 4th quarter worth about $223,000. Granite Springs Asset Management LLC bought a new stake in shares of Daseke in the 4th quarter worth about $236,000. Two Sigma Advisers LP bought a new stake in shares of Daseke in the 4th quarter worth about $316,000. Finally, California State Teachers Retirement System increased its holdings in shares of Daseke by 16.9% in the 4th quarter. California State Teachers Retirement System now owns 38,008 shares of the company’s stock worth $543,000 after buying an additional 5,483 shares during the last quarter. Institutional investors own 31.72% of the company’s stock.
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Daseke, Inc is a consolidator of the flatbed and specialized transportation in North America that comprises 16 operating companies. It provides open deck transportation and logistics. The Company 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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