Stifel Nicolaus initiated coverage on shares of Daseke (NASDAQ:DSKE) in a report issued on Monday, The Fly reports. The firm issued a hold rating on the stock.
A number of other research firms have also recently issued reports on DSKE. TheStreet upgraded shares of Daseke from a d+ rating to a c- rating in a research note on Monday, April 5th. Cowen reiterated a buy rating and issued a $10.00 target price on shares of Daseke in a research note on Thursday, May 13th. Northland Securities upgraded shares of Daseke to a buy rating and set a $8.50 target price for the company in a research note on Thursday, March 11th. Finally, Zacks Investment Research raised shares of Daseke from a hold rating to a buy rating and set a $6.50 price target on the stock in a research report on Thursday, May 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $8.75.
Shares of DSKE stock traded up $0.17 during trading on Monday, hitting $6.86. 214,529 shares of the company were exchanged, compared to its average volume of 441,878. The company has a debt-to-equity ratio of 8.00, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $447.23 million, a price-to-earnings ratio of 40.35 and a beta of 2.13. The business’s 50-day moving average is $7.21. Daseke has a twelve month low of $3.12 and a twelve month high of $9.00.
Large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC bought a new position in Daseke during the fourth quarter worth $59,000. Arcus Capital Partners LLC bought a new position in Daseke during the fourth quarter worth $59,000. Citigroup Inc. increased its position in Daseke by 371.1% during the fourth quarter. Citigroup Inc. now owns 11,274 shares of the company’s stock worth $65,000 after acquiring an additional 8,881 shares during the period. Paloma Partners Management Co bought a new position in Daseke during the fourth quarter worth $68,000. Finally, Principal Financial Group Inc. bought a new position in Daseke during the fourth quarter worth $71,000. 37.28% of the stock is currently owned by institutional investors.
Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in the United States, Canada, and Mexico. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture.
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