NYSE:DAC Danaos Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Danaos Co. Please log in to your account or sign up in order to add this asset to your watchlist. $65.25 -0.39 (-0.59%) (As of 06/28/2022 10:16 AM ET) Add Compare Share Today's Range$64.96▼$65.6050-Day Range$62.02▼$93.3552-Week Range$58.00▼$107.47Volume969 shsAverage Volume385,360 shsMarket Capitalization$1.35 billionP/E Ratio1.24Dividend Yield4.84%Price Target$107.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive DAC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Danaos and its competitors with MarketBeat's FREE daily newsletter. Email Address DAC Stock Forecast (MarketRank)Overall MarketRank™2.89 out of 5 starsTransportation Sector20th out of 173 stocksDeep Sea Foreign Transportation Of Freight Industry6th out of 45 stocksAnalyst Opinion: 3.3Community Rank: 3.6Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 - 3.3 Analyst's Opinion Consensus RatingDanaos has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $107.50, Danaos has a forecasted upside of 64.4% from its current price of $65.40.Amount of Analyst CoverageDanaos has only been the subject of 1 research reports in the past 90 days. Previous Next 3.6 Community Rank Outperform VotesDanaos has received 184 “outperform” votes. (Add your “outperform” vote.)Underperform VotesDanaos has received 158 “underperform” votes. (Add your “underperform” vote.)Community SentimentDanaos has received 53.80% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Danaos and other stocks. Vote “Outperform” if you believe DAC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe DAC will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 3.3 Dividend Strength Dividend LeadershipDanaos is a leading dividend payer. It pays a dividend yield of 4.84%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthDanaos has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Danaos is 5.69%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Danaos will have a dividend payout ratio of 10.96% next year. This indicates that Danaos will be able to sustain or increase its dividend. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Danaos insiders have not sold or bought any company stock.Percentage Held by Institutions67.61% of the stock of Danaos is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Danaos are expected to grow by 1.48% in the coming year, from $26.96 to $27.36 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Danaos is 1.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 20.62.Price to Earnings Ratio vs. SectorThe P/E ratio of Danaos is 1.24, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 6.05.Price to Book Value per Share RatioDanaos has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Danaos (NYSE:DAC)Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2022, it had a fleet of 71 containerships aggregating 436,589 twenty-foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1963 and is based in Piraeus, Greece.Read More DAC Stock News HeadlinesJune 23, 2022 | nasdaq.com3 Shipping Stocks to Buy Now - NasdaqJune 22, 2022 | investorplace.com3 Shipping Stocks to Buy Now - InvestorPlaceJune 21, 2022 | finance.yahoo.comDanaos (DAC) Stock Sinks As Market Gains: What You Should Know - Yahoo FinanceJune 20, 2022 | finance.yahoo.comIs Now The Time To Look At Buying Danaos Corporation (NYSE:DAC)?June 19, 2022 | seekingalpha.comDanaos' New Buybacks And ZIM's Dividends To Push Stock Over $150 (NYSE:DAC) - Seeking AlphaJune 17, 2022 | streetinsider.comForm 6-K Danaos Corp For: Jun 17 - StreetInsider.comJune 17, 2022 | americanbankingnews.comDanaos' (DAC) "Buy" Rating Reiterated at Clarkson CapitalJune 17, 2022 | americanbankingnews.comDanaos (NYSE:DAC) Rating Reiterated by Clarkson CapitalJune 17, 2022 | americanbankingnews.comDanaos (NYSE:DAC) Receives "Buy" Rating from Clarkson CapitalJune 14, 2022 | seekingalpha.comDAC, AMSC among top industrial movers - Seeking AlphaJune 10, 2022 | americanbankingnews.comDanaos (NYSE:DAC) Shares Down 6.2% May 31, 2022 | seekingalpha.comDanaos: Attractive For Short Term And Long Term Investors - Seeking AlphaMay 31, 2022 | seekingalpha.comDanaos Post Q1 Earnings: Raising Fair Value Estimate (NYSE:DAC) - Seeking AlphaSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:DAC CUSIPN/A CIK1369241 Webwww.danaos.com Phone302104196480Fax30 210 419 6480Employees1,715Year FoundedN/ACompany Calendar Last Earnings5/16/2022Ex-Dividend for 6/8 Dividend5/26/2022Dividend Payable6/08/2022Today6/28/2022Next Earnings (Estimated)8/01/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$107.50 High Stock Price Forecast$125.00 Low Stock Price Forecast$90.00 Forecasted Upside/Downside+64.8%Consensus RatingModerate Buy Rating Score (0-4)2.66666666666667 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$52.699990 Trailing P/E Ratio1.24 Forward P/E Ratio2.42 P/E GrowthN/ANet Income$1.05 billion Net Margins138.14% Pretax Margin140.44% Return on Equity26.55% Return on Assets15.08% Debt Debt-to-Equity Ratio0.47 Current Ratio2.86 Quick Ratio2.82 Sales & Book Value Annual Sales$689.51 million Price / Sales1.96 Cash Flow$24.44 per share Price / Cash Flow2.67 Book Value$100.79 per share Price / Book0.65Miscellaneous Outstanding Shares20,720,000Free FloatN/AMarket Cap$1.35 billion OptionableNot Optionable Beta1.47 Danaos Frequently Asked Questions Should I buy or sell Danaos stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Danaos stock. View analyst ratings for Danaos or view top-rated stocks. What is Danaos' stock price forecast for 2022? 3 brokerages have issued 1 year price objectives for Danaos' stock. Their DAC stock forecasts range from $90.00 to $125.00. On average, they anticipate Danaos' stock price to reach $107.50 in the next twelve months. This suggests a possible upside of 64.3% from the stock's current price. View analysts' price targets for Danaos or view top-rated stocks among Wall Street analysts. How has Danaos' stock performed in 2022? Danaos' stock was trading at $74.65 on January 1st, 2022. Since then, DAC shares have decreased by 12.4% and is now trading at $65.42. View the best growth stocks for 2022 here. Are investors shorting Danaos? Danaos saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 922,400 shares, an increase of 23.2% from the May 15th total of 748,900 shares. Based on an average daily trading volume, of 465,400 shares, the short-interest ratio is currently 2.0 days. Currently, 8.2% of the company's shares are short sold. View Danaos' Short Interest. When is Danaos' next earnings date? Danaos is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022. View our earnings forecast for Danaos. How were Danaos' earnings last quarter? Danaos Co. (NYSE:DAC) released its quarterly earnings results on Monday, May, 16th. The shipping company reported $11.36 earnings per share for the quarter, topping analysts' consensus estimates of $6.11 by $5.25. The shipping company earned $229.90 million during the quarter, compared to analyst estimates of $212.86 million. Danaos had a trailing twelve-month return on equity of 26.55% and a net margin of 138.14%. During the same quarter last year, the business earned $2.63 earnings per share. View Danaos' earnings history. How often does Danaos pay dividends? What is the dividend yield for Danaos? Danaos declared a quarterly dividend on Monday, May 16th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.75 per share on Wednesday, June 8th. This represents a $3.00 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Thursday, May 26th. View Danaos' dividend history. Is Danaos a good dividend stock? Danaos(NYSE:DAC) pays an annual dividend of $3.00 per share and currently has a dividend yield of 4.84%. DAC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Danaos does not yet have a strong track record of dividend growth. The dividend payout ratio of Danaos is 5.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Danaos will have a dividend payout ratio of 10.96% next year. This indicates that Danaos will be able to sustain or increase its dividend. View Danaos' dividend history. Who are Danaos' key executives? Danaos' management team includes the following people: Dr. John Coustas, Chairman, Pres & CEO (Age 66)Mr. Evangelos Chatzis, CFO & Sec. (Age 49)Mr. Iraklis Prokopakis, Sr. VP, COO, Treasurer & Director (Age 71)Mr. Dimitris Vastarouchas, Deputy Chief Operating Officer (Age 54) What is John Coustas' approval rating as Danaos' CEO? 4 employees have rated Danaos CEO John Coustas on Glassdoor.com. John Coustas has an approval rating of 100% among Danaos' employees. This puts John Coustas in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. Who are some of Danaos' key competitors? Some companies that are related to Danaos include Atlas (ATCO), Euronav (EURN), Star Bulk Carriers (SBLK), Scorpio Tankers (STNG), Pacific Basin Shipping (PCFBY), Frontline (FRO), Costamare (CMRE), SFL (SFL), DHT (DHT), Navigator (NVGS), Genco Shipping & Trading (GNK), Navios Maritime Partners (NMM), Eagle Bulk Shipping (EGLE), Global Ship Lease (GSL) and Dorian LPG (LPG). View all of DAC's competitors. What other stocks do shareholders of Danaos own? Based on aggregate information from My MarketBeat watchlists, some companies that other Danaos investors own include NVIDIA (NVDA), Energy Transfer (ET), New Residential Investment (NRZ), Capital Product Partners (CPLP), New York Mortgage Trust (NYMT), AT&T (T), Enbridge (ENB), Pfizer (PFE), AbbVie (ABBV) and Preferred Apartment Communities (APTS). What is Danaos' stock symbol? Danaos trades on the New York Stock Exchange (NYSE) under the ticker symbol "DAC." Who are Danaos' major shareholders? Danaos' stock is owned by a number of institutional and retail investors. Top institutional investors include Arrowstreet Capital Limited Partnership (1.74%), Jane Street Group LLC (0.00%), PEAK6 Investments LLC (0.00%), Acadian Asset Management LLC (0.98%), Dorsey Wright & Associates (0.53%) and State Street Corp (0.45%). Which major investors are selling Danaos stock? DAC stock was sold by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp, Lonestar Capital Management LLC, Advisor Group Holdings Inc., Invesco Ltd., GSA Capital Partners LLP, BlackRock Inc., HAP Trading LLC, and Dorsey Wright & Associates. Which major investors are buying Danaos stock? DAC stock was acquired by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Walleye Trading LLC, Jane Street Group LLC, Renaissance Technologies LLC, Simplex Trading LLC, Allianz Asset Management GmbH, Group One Trading L.P., and Cutler Group LP. How do I buy shares of Danaos? Shares of DAC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Danaos' stock price today? One share of DAC stock can currently be purchased for approximately $65.42. How much money does Danaos make? Danaos (NYSE:DAC) has a market capitalization of $1.36 billion and generates $689.51 million in revenue each year. The shipping company earns $1.05 billion in net income (profit) each year or $52.699990 on an earnings per share basis. How many employees does Danaos have? Danaos employs 1,715 workers across the globe. How can I contact Danaos? Danaos' mailing address is 14 AKTI KONDYLI, Piraeus J3, 185 45. The official website for Danaos is www.danaos.com. The shipping company can be reached via phone at 302104196480, via email at [email protected], or via fax at 30 210 419 6480. This page (NYSE:DAC) was last updated on 6/28/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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