Daseke (NASDAQ:DSKE) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Daseke (NASDAQ:DSKEGet Rating) from a hold rating to a buy rating in a research report sent to investors on Thursday, Zacks.com reports. They currently have $10.00 price objective on the stock.

According to Zacks, “Daseke, Inc. operates as a transportation company. It provides fleet management, logistics, trucking and open deck transportation services. Daseke, Inc., formerly known as Hennessy Capital Acquisition Corp. II, is based in Addison, United States. “

Shares of DSKE stock traded down $0.04 during midday trading on Thursday, hitting $8.59. 1,734 shares of the company were exchanged, compared to its average volume of 474,386. The firm has a market capitalization of $537.48 million, a P/E ratio of 7.90 and a beta of 1.86. The company has a debt-to-equity ratio of 4.79, a quick ratio of 1.65 and a current ratio of 1.65. The firm’s 50 day moving average price is $9.84 and its two-hundred day moving average price is $10.02. Daseke has a 52 week low of $5.61 and a 52 week high of $13.17.

Daseke (NASDAQ:DSKEGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. Daseke had a net margin of 4.64% and a return on equity of 74.44%. During the same quarter in the prior year, the business posted $0.04 earnings per share. Analysts expect that Daseke will post 1.09 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP boosted its holdings in Daseke by 5.2% in the 1st quarter. Royce & Associates LP now owns 826,345 shares of the company’s stock valued at $8,321,000 after purchasing an additional 41,000 shares during the period. Victory Capital Management Inc. bought a new stake in Daseke in the 1st quarter valued at about $291,000. Thoroughbred Financial Services LLC bought a new stake in Daseke in the 1st quarter valued at about $170,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Daseke by 5.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 268,200 shares of the company’s stock valued at $2,701,000 after purchasing an additional 14,950 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in Daseke in the 1st quarter valued at about $62,000. 41.85% of the stock is owned by hedge funds and other institutional investors.

About Daseke (Get Rating)

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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