Danaos Corporation (NYSE:DAC) Raised to “Hold” at 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.

A number of other analysts have also recently weighed in on DAC. Zacks Investment Research raised shares of Danaos Corporation from a sell rating to a hold rating in a research note on Tuesday, April 25th. Jefferies Group LLC reissued a hold rating and issued a $3.00 target price on shares of Danaos Corporation in a research note on Monday, July 10th. Finally, ValuEngine lowered shares of Danaos Corporation from a buy rating to a hold rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $2.25.

Danaos Corporation (NYSE:DAC) opened at 1.70 on Friday. The company has a 50-day moving average price of $1.87 and a 200-day moving average price of $1.90. Danaos Corporation has a 1-year low of $1.25 and a 1-year high of $4.40. The firm’s market capitalization is $186.66 million.

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

COPYRIGHT VIOLATION WARNING: “Danaos Corporation (NYSE:DAC) Raised to “Hold” at BidaskClub” was first reported by BBNS and is owned by of BBNS. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://baseballnewssource.com/markets/danaos-corporation-nysedac-upgraded-at-bidaskclub-updated-updated-updated/1198220.html.

An institutional investor recently raised its position in Danaos Corporation stock. Bank of New York Mellon Corp raised its stake in shares of Danaos Corporation (NYSE:DAC) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,802 shares of the shipping company’s stock after buying an additional 3,000 shares during the period. Bank of New York Mellon Corp owned approximately 0.10% of Danaos Corporation worth $193,000 as of its most recent SEC filing. 2.21% of the stock is currently owned by institutional investors and hedge funds.

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.

Receive News & Ratings for Danaos Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaos Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.