Danaos (NYSE:DAC) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Danaos stock crossed above its 200-day moving average, trading around $116.53 versus the 200-day MA of $99.27 (50-day MA $109.88), signaling a technical breakout during Monday trading.
• Analysts hold a consensus rating of "Moderate Buy" but the average price target of $105.00 is below the current share price, suggesting limited upside per Street estimates.
• The company reported a strong quarter—EPS of $7.14 and revenue of $266.27M beat estimates—and trades at a low PE of 4.35 while paying a quarterly dividend that annualizes to $3.60 (about a 3.1% yield).

Danaos Corporation (NYSE:DAC - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $99.27 and traded as high as $117.05. Danaos shares last traded at $116.5290, with a volume of 42,406 shares traded.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Danaos in a report on Wednesday, January 21st. Freedom Capital upgraded shares of Danaos to a "hold" rating in a report on Tuesday, March 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Danaos presently has an average rating of "Moderate Buy" and a consensus price target of $105.00.

Danaos Stock Up 1.0%

The stock's 50-day moving average price is $109.88 and its two-hundred day moving average price is $99.27. The stock has a market capitalization of $2.12 billion, a PE ratio of 4.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.23 and a current ratio of 3.28.

Danaos (NYSE:DAC - Get Free Report) last released its earnings results on Monday, February 9th. The shipping company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $6.46 by $0.68. The firm had revenue of $266.27 million for the quarter, compared to the consensus estimate of $253.00 million. Danaos had a net margin of 47.45% and a return on equity of 13.31%. As a group, analysts expect that Danaos Corporation will post 29.21 EPS for the current fiscal year.

Danaos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were given a $0.90 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.1%. Danaos's dividend payout ratio is currently 13.44%.

Hedge Funds Weigh In On Danaos

Institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in shares of Danaos in the 4th quarter worth approximately $43,000. Raymond James Financial Inc. bought a new position in shares of Danaos in the 2nd quarter worth approximately $64,000. Tower Research Capital LLC TRC bought a new position in shares of Danaos in the 2nd quarter worth approximately $67,000. Farther Finance Advisors LLC lifted its stake in shares of Danaos by 165.0% in the 4th quarter. Farther Finance Advisors LLC now owns 779 shares of the shipping company's stock worth $73,000 after purchasing an additional 485 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Danaos by 443.1% in the 4th quarter. Royal Bank of Canada now owns 869 shares of the shipping company's stock worth $82,000 after purchasing an additional 709 shares during the period. Institutional investors own 19.01% of the company's stock.

Danaos Company Profile

Danaos Corporation is a leading independent owner and manager of containerships, specializing in long-term charters of modern vessels to major liner companies worldwide. The company's core services include vessel acquisition and sale, technical and crew management, and commercial chartering, all aimed at supporting global containerized trade. Danaos leverages its in-house expertise in operations, maintenance and regulatory compliance to ensure reliable and efficient fleet performance.

Founded in 1972 by Dr.

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