Shares of Danaos Corp. (NYSE:DAC) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Analysts have set a 12 month consensus target price of $4.75 for the company and are anticipating that the company will post $0.38 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Danaos Corp. an industry rank of 95 out of 265 based on the ratings given to related companies.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Danaos Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 18th. Jefferies Group reaffirmed a “hold” rating on shares of Danaos Corp. in a research report on Monday, September 12th.
Danaos Corp. (NYSE:DAC) traded up 1.8928% during mid-day trading on Monday, hitting $3.5153. 134,611 shares of the company traded hands. The firm has a 50 day moving average of $2.71 and a 200 day moving average of $3.27. The firm has a market capitalization of $385.98 million, a P/E ratio of 2.8100 and a beta of 1.10. Danaos Corp. has a one year low of $2.15 and a one year high of $6.14.
Hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC raised its stake in shares of Danaos Corp. by 1.0% in the third quarter. Neuberger Berman Group LLC now owns 1,854,613 shares of the company’s stock valued at $4,970,000 after buying an additional 17,901 shares in the last quarter. Acrospire Investment Management LLC raised its stake in Danaos Corp. by 46.2% in the third quarter. Acrospire Investment Management LLC now owns 79,396 shares of the company’s stock valued at $213,000 after buying an additional 25,091 shares during the period. Finally, FCA Corp TX raised its stake in Danaos Corp. by 188.3% in the second quarter. FCA Corp TX now owns 43,245 shares of the company’s stock valued at $118,000 after buying an additional 28,245 shares during the period. 2.22% of the stock is currently owned by institutional investors and hedge funds.
About Danaos Corp.
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.