Danaos Corporation (DAC) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Danaos Corporation (NYSE:DAC) from a sell rating to a hold rating in a report issued on Friday, July 14th.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Danaos Corporation from a hold rating to a buy rating and set a $1.50 price objective on the stock in a research report on Tuesday, June 20th. Jefferies Group LLC reaffirmed a hold rating and issued a $3.00 price target on shares of Danaos Corporation in a research report on Monday, July 10th. Finally, ValuEngine cut shares of Danaos Corporation from a buy rating to a hold rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Danaos Corporation presently has an average rating of Hold and an average target price of $2.25.

Danaos Corporation (NYSE:DAC) opened at 1.60 on Friday. Danaos Corporation has a 12 month low of $1.25 and a 12 month high of $4.40. The firm’s market cap is $175.68 million. The firm’s 50-day moving average price is $1.90 and its 200-day moving average price is $1.87.

Danaos Corporation (NYSE:DAC) last issued its quarterly earnings results on Monday, July 31st. The shipping company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. The business had revenue of $113.88 million for the quarter, compared to analysts’ expectations of $108.01 million. Danaos Corporation had a negative net margin of 92.96% and a positive return on equity of 16.72%. The business’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Equities research analysts predict that Danaos Corporation will post $0.89 earnings per share for the current year.

WARNING: “Danaos Corporation (DAC) Upgraded to “Hold” by BidaskClub” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.com-unik.info/2017/08/12/danaos-corporation-dac-upgraded-to-hold-by-bidaskclub-updated-updated-updated.html.

A hedge fund recently raised its stake in Danaos Corporation stock. Bank of New York Mellon Corp raised its position in shares of Danaos Corporation (NYSE:DAC) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,802 shares of the shipping company’s stock after buying an additional 4,383 shares during the period. Bank of New York Mellon Corp owned about 0.10% of Danaos Corporation worth $194,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 2.21% of the company’s stock.

Danaos Corporation Company Profile

Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company’s principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company.

What are top analysts saying about Danaos Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Danaos Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit