Daseke Inc (DSKE) Receives $14.50 Consensus Target Price from Brokerages

Shares of Daseke Inc (NASDAQ:DSKE) have received an average rating of “Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $14.50.

DSKE has been the topic of several recent research reports. Northland Securities restated an “outperform” rating and set a $16.00 target price (up from $13.75) on shares of Daseke in a research report on Wednesday, September 27th. Stifel Nicolaus restated a “buy” rating and set a $15.00 target price on shares of Daseke in a research report on Sunday, October 1st. Finally, BidaskClub upgraded shares of Daseke from a “hold” rating to a “buy” rating in a research report on Thursday.

Shares of Daseke (NASDAQ:DSKE) traded up $0.15 during midday trading on Thursday, hitting $13.43. 144,867 shares of the stock traded hands, compared to its average volume of 264,608. 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 52-week low of $8.76 and a 52-week high of $14.28.

Daseke (NASDAQ:DSKE) last announced its earnings results on Thursday, November 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.09). The firm had revenue of $231.32 million for the quarter, compared to analysts’ expectations of $214.48 million. The business’s revenue was up 32.8% compared to the same quarter last year. sell-side analysts expect that Daseke will post -0.55 EPS for the current year.

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Daseke Company Profile

Daseke, Inc is a consolidator of the open deck freight market in North America. The Company provides open deck transportation and logistics. It 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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