Daseke, Inc. (DSKE) Reaches $8.80 Low on Apr, 20; Mendon Capital Advisors Has Cut Its Us Bancorp Del (Put) (USB) Stake

April 20, 2018 - By Dolores Ford

U.S. Bancorp (NYSE:USB) Logo

The stock of Daseke, Inc. (NASDAQ:DSKE) reached all time low today, Apr, 20 and still has $8.10 target or 8.00% below today’s $8.80 share price. This indicates more downside for the $503.09M company. This technical setup was reported by Barchart.com. If the $8.10 PT is reached, the company will be worth $40.25M less. The stock decreased 2.11% or $0.19 during the last trading session, reaching $8.8. About 181,792 shares traded. Daseke, Inc. (NASDAQ:DSKE) has declined 4.82% since April 20, 2017 and is downtrending. It has underperformed by 16.37% the S&P500.

Mendon Capital Advisors Corp decreased Us Bancorp Del (Put) (USB) stake by 36.46% reported in 2017Q4 SEC filing. Mendon Capital Advisors Corp sold 70,000 shares as Us Bancorp Del (Put) (USB)’s stock declined 8.45%. The Mendon Capital Advisors Corp holds 122,000 shares with $6.54 million value, down from 192,000 last quarter. Us Bancorp Del (Put) now has $83.38B valuation. The stock decreased 0.37% or $0.19 during the last trading session, reaching $50.51. About 3.84M shares traded. U.S. Bancorp (NYSE:USB) has declined 4.48% since April 20, 2017 and is downtrending. It has underperformed by 16.03% the S&P500.

Among 3 analysts covering Daseke (NASDAQ:DSKE), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Daseke has $16.0 highest and $1200 lowest target. $15’s average target is 70.45% above currents $8.8 stock price. Daseke had 9 analyst reports since April 4, 2017 according to SRatingsIntel. The firm has “Buy” rating by Cowen & Co given on Thursday, August 10. The stock of Daseke, Inc. (NASDAQ:DSKE) has “Buy” rating given on Friday, November 10 by Northland Capital. The firm has “Buy” rating given on Thursday, September 28 by Stifel Nicolaus. The stock has “Buy” rating by Cowen & Co on Wednesday, June 28. Stifel Nicolaus maintained Daseke, Inc. (NASDAQ:DSKE) rating on Monday, September 11. Stifel Nicolaus has “Buy” rating and $14.0 target. The stock has “Buy” rating by Northland Capital on Wednesday, September 27. On Wednesday, August 9 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Daseke, Inc. (NASDAQ:DSKE) has “Buy” rating given on Thursday, August 10 by Northland Capital.

Analysts await Daseke, Inc. (NASDAQ:DSKE) to report earnings on May, 9. They expect $-0.06 earnings per share, up 50.00% or $0.06 from last year’s $-0.12 per share. After $-0.13 actual earnings per share reported by Daseke, Inc. for the previous quarter, Wall Street now forecasts -53.85% EPS growth.

Daseke, Inc. provides open deck specialized transportation services in North America. The company has market cap of $503.09 million. It offers aerospace related transportation and flatbed trucking services with curtain trailers in flatbed, step-deck, and low -profile step-deck configuration; transformers, tower cranes, truck cranes, front end loaders, and dozer transportation services; oil field cargo and trucking logistics services; and specialty and over-dimensional flatbed cargo services, as well as carries oversized pre-stressed concrete and oversized mining tires. It has a 15.71 P/E ratio. The firm also provides long haul, regional, and dedicated services; high volume and time-sensitive open-deck/specialty services; transportation of roofing and building materials, as well as various aluminum, iron, and steel products; and transportation of open-deck and drop deck freight, including steel, machinery, and agricultural equipment.

Since February 20, 2018, it had 0 buys, and 5 insider sales for $9.81 million activity. 20,000 shares valued at $1.10M were sold by Elmore John R. on Friday, February 23. On Tuesday, February 20 Parker P.W. sold $5.51M worth of U.S. Bancorp (NYSE:USB) or 98,485 shares. 20,000 shares valued at $1.10 million were sold by Kelligrew James B on Friday, February 23. GODRIDGE LESLIE V sold $1.35M worth of U.S. Bancorp (NYSE:USB) on Friday, February 23. The insider von Gillern Jeffry H. sold 13,641 shares worth $750,528.

Mendon Capital Advisors Corp increased Carolina Finl Corp New (NASDAQ:CARO) stake by 74,062 shares to 257,092 valued at $9.55 million in 2017Q4. It also upped Connectone Bancorp Inc New (NASDAQ:CNOB) stake by 80,520 shares and now owns 253,091 shares. Southern Natl Bancorp Of Va (NASDAQ:SONA) was raised too.

Among 33 analysts covering U.S. Bancorp (NYSE:USB), 10 have Buy rating, 4 Sell and 19 Hold. Therefore 30% are positive. U.S. Bancorp had 89 analyst reports since August 6, 2015 according to SRatingsIntel. Wedbush initiated the stock with “Neutral” rating in Friday, October 7 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, January 22. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, January 19 report. The stock of U.S. Bancorp (NYSE:USB) earned “Underweight” rating by Morgan Stanley on Monday, November 14. The rating was initiated by UBS on Wednesday, January 11 with “Buy”. As per Wednesday, October 7, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Jefferies on Monday, November 28 to “Buy”. The stock of U.S. Bancorp (NYSE:USB) earned “Buy” rating by Robert W. Baird on Monday, March 26. Argus Research upgraded it to “Buy” rating and $57 target in Thursday, July 20 report. The firm has “Buy” rating by Jefferies given on Friday, August 11.

U.S. Bancorp (NYSE:USB) Institutional Positions Chart

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