Craig Hallum upgraded shares of Daseke (NASDAQ:DSKE) from a hold rating to a buy rating in a research report released on Monday morning, Marketbeat.com reports.
Separately, BidaskClub raised Daseke from a sell rating to a hold rating in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $14.00.
Shares of DSKE stock opened at $5.13 on Monday. The company has a quick ratio of 1.81, a current ratio of 1.59 and a debt-to-equity ratio of 1.63. Daseke has a 12 month low of $3.13 and a 12 month high of $10.67. The company has a market capitalization of $327.51 million, a price-to-earnings ratio of 8.02 and a beta of 1.30.
Several institutional investors and hedge funds have recently modified their holdings of DSKE. Kovack Advisors Inc. acquired a new position in shares of Daseke in the 4th quarter worth approximately $39,000. Citigroup Inc. raised its holdings in shares of Daseke by 17.6% in the 4th quarter. Citigroup Inc. now owns 15,753 shares of the company’s stock worth $58,000 after buying an additional 2,362 shares in the last quarter. Freestone Capital Holdings LLC acquired a new position in shares of Daseke in the 4th quarter worth approximately $65,000. Fisher Asset Management LLC acquired a new position in shares of Daseke in the 4th quarter worth approximately $66,000. Finally, Squarepoint Ops LLC raised its holdings in shares of Daseke by 22.9% in the 4th quarter. Squarepoint Ops LLC now owns 32,429 shares of the company’s stock worth $119,000 after buying an additional 6,041 shares in the last quarter. 34.28% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: How is the discount rate different from the Federal Funds rate?
Receive News & Ratings for Daseke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daseke and related companies with MarketBeat.com's FREE daily email newsletter.