Danaos Stock Forecast, Price & News

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. The consensus among Wall Street analysts is that investors should "buy" Danaos stock.
View analyst ratings for Danaos or view top-rated stocks.

Wall Street analysts have given Danaos a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Danaos wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Danaos saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 1,400,000 shares, an increase of 35.9% from the December 31st total of 1,030,000 shares. Based on an average daily trading volume, of 544,200 shares, the short-interest ratio is currently 2.6 days. Approximately 12.3% of the company's shares are sold short.
View Danaos' Short Interest.

Danaos is scheduled to release its next quarterly earnings announcement on Monday, May 17th 2021.
View our earnings forecast for Danaos.

Danaos Co. (NYSE:DAC) released its earnings results on Monday, February, 15th. The shipping company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.02. Danaos had a net margin of 31.89% and a trailing twelve-month return on equity of 17.25%.
View Danaos' earnings history.

Danaos' stock was trading at $4.53 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, DAC stock has increased by 817.0% and is now trading at $41.54.
View which stocks have been most impacted by COVID-19.

2 brokers have issued twelve-month price objectives for Danaos' stock. Their forecasts range from $6.25 to $40.00. On average, they expect Danaos' stock price to reach $23.13 in the next twelve months. This suggests that the stock has a possible downside of 44.3%.
View analysts' price targets for Danaos or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Danaos include Atlas (ATCO), Euronav (EURN), Star Bulk Carriers (SBLK), Frontline (FRO), Costamare (CMRE), Pacific Basin Shipping (PCFBY), SFL (SFL), Seacor (CKH), Scorpio Tankers (STNG), DHT (DHT), Dorian LPG (LPG), TORM (TRMD), Global Ship Lease (GSL), Navigator (NVGS) and Genco Shipping & Trading (GNK).
View all of DAC's competitors.

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).

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

Danaos' stock is owned by a variety of retail and institutional investors. Top institutional investors include RBF Capital LLC (4.50%), Gratia Capital LLC (1.51%), Impala Asset Management LLC (1.05%), Skandinaviska Enskilda Banken AB publ (1.02%), Foundry Partners LLC (0.72%) and Morgan Stanley (0.69%).

DAC stock was sold by a variety of institutional investors in the last quarter, including RBF Capital LLC.

DAC stock was bought by a variety of institutional investors in the last quarter, including Gratia Capital LLC, Impala Asset Management LLC, Skandinaviska Enskilda Banken AB publ , Foundry Partners LLC, Morgan Stanley, Mackenzie Financial Corp, Alpha Paradigm Partners LLC, and Renaissance Technologies LLC.

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.
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One share of DAC stock can currently be purchased for approximately $41.54.

Danaos has a market capitalization of $1.03 billion 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 is headquartered at 14 AKTI KONDYLI, Piraeus J3, 185 45.

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]