Published On: Thu, Sep 14th, 2017

Danaos Corporation (NYSE:DAC) Analyst Recommendation

A number of investment brokers have recently updated their price targets on shares of Danaos Corporation (NYSE:DAC).

Most recent broker ratings

05/01/2015 – Danaos Corporation was upgraded to “strong-buy” by analysts at Zacks. They now have a USD 7.25 price target on the stock.

04/28/2015 – Danaos Corporation had its “neutral” rating reiterated by analysts at Credit Suisse. They now have a USD 7 price target on the stock.

02/20/2015 – Global Hunter Securities began new coverage on Danaos Corporation giving the company a “neutral” rating.

09/18/2014 – Danaos Corporation had its “hold” rating reiterated by analysts at Clarkson Capital.

The share price of Danaos Corporation (NYSE:DAC) was down -3.45% during the last day of trading, with a day high of 1.58. 107223 shares were traded during the last session.

The stock’s 50 day moving average is 1.64 and its 200 day moving average is 1.69. The stock’s market capitalization is 153.72M. Danaos Corporation has a 52-week low of 1.25 and a 52-week high of 4.40.

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. The Company’s manager is Danaos Shipping Company Limited (Danaos Shipping). The Company has a fleet of over 50 containerships aggregating approximately 329,590 twenty-foot equivalent units (TEUs). Its containership fleet includes approximately 53 containerships deployed on time charters and approximately two containerships deployed on bareboat charter. Gemini Shipholdings Corporation (Gemini), a company beneficially owned by the Company, owns approximately four additional containerships of over 24,000 TEU aggregate capacity.