Danaos Stock Forecast, Price & News

Danaos' stock was trading at $4.53 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DAC stock has increased by 55.6% and is now trading at $7.05.
View which stocks have been most impacted by COVID-19.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Danaos.

Danaos is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Danaos.

Danaos Co. (NYSE:DAC) announced its quarterly earnings results on Monday, August, 3rd. The shipping company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.29. The shipping company had revenue of $116.82 million for the quarter, compared to the consensus estimate of $106.46 million. Danaos had a return on equity of 17.20% and a net margin of 30.39%.
View Danaos' earnings history.

2 analysts have issued 12 month price targets for Danaos' shares. Their forecasts range from $8.00 to $9.00. On average, they anticipate Danaos' stock price to reach $8.50 in the next twelve months. This suggests a possible upside of 20.6% from the stock's current price.
View analysts' price targets for Danaos.

Danaos saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 701,700 shares, an increase of 18.3% from the August 15th total of 593,400 shares. Based on an average daily trading volume, of 143,100 shares, the short-interest ratio is currently 4.9 days. Currently, 5.0% of the company's shares are sold short.
View Danaos' Short Interest.

Some companies that are related to Danaos include Star Bulk Carriers (SBLK), PAC BASIN SHIPP/ADR (PCFBY), Seacor (CKH), Torm (TRMD), Navigator (NVGS), DryShips (DRYS), Dorian LPG (LPG), Genco Shipping & Trading (GNK), Teekay (TK), Overseas Shipholding Group (OSG), Scorpio Bulkers (SALT), TSAKOS ENERGY N/SH (TNP), Diana Shipping (DSX), Capital Product Partners (CPLP) and Pangaea Logistics Solutions (PANL).
View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Danaos investors own include NVIDIA (NVDA), Energy Transfer LP Unit (ET), Capital Product Partners (CPLP), Enbridge (ENB), Navios Maritime Partners (NMM), New Residential Investment (NRZ), AT&T (T), Eagle Bulk Shipping (EGLE), Enterprise Products Partners (EPD) and JD.Com (JD).

Danaos trades on the New York Stock Exchange (NYSE) under the ticker symbol "DAC."

Danaos' stock is owned by many different institutional and retail investors. Top institutional shareholders include RBF Capital LLC (5.34%), No Street GP LP (5.06%), Lonestar Capital Management LLC (1.76%) and PDT Partners LLC (0.07%).

DAC stock was sold by a variety of institutional investors in the last quarter, including Lonestar Capital Management LLC, No Street GP LP, and RBF Capital LLC.

DAC stock was acquired by a variety of institutional investors in the last quarter, including PDT Partners LLC.

Shares of DAC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of DAC stock can currently be purchased for approximately $7.05.

Danaos has a market capitalization of $174.77 million and generates $447.24 million in revenue each year. The shipping company earns $131.25 million in net income (profit) each year or $9.17 on an earnings per share basis. Danaos employs 1,148 workers across the globe.

The official website for Danaos is www.danaos.com.

Danaos' mailing address is 14 AKTI KONDYLI, Piraeus J3, 185 45. The shipping company can be reached via phone at 011-30-21-0449-6480 or via email at [email protected]