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 43.0% and is now trading at $6.48.
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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) posted its quarterly earnings data on Monday, August, 3rd. The shipping company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.42 by $0.29. The shipping company earned $116.82 million during the quarter, compared to analyst estimates 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 brokers have issued 12-month target prices for Danaos' stock. Their forecasts range from $8.00 to $9.00. On average, they expect Danaos' stock price to reach $8.50 in the next year. This suggests a possible upside of 31.2% from the stock's current price.
View analysts' price targets for Danaos.

Danaos saw a increase in short interest during 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 volume of 143,100 shares, the days-to-cover ratio is presently 4.9 days. Approximately 5.0% of the shares of the stock 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), Dorian LPG (LPG), DryShips (DRYS), 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).
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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 a number of 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 bought 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 $6.48.

Danaos has a market capitalization of $160.63 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]