ValuEngine upgraded shares of Danaos Corporation (NYSE:DAC) from a hold rating to a buy rating in a report published on Monday.

Several other research firms have also issued reports on DAC. Jefferies Group LLC reaffirmed a hold rating and set a $3.00 price target on shares of Danaos Corporation in a research report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Danaos Corporation from a buy rating to a hold rating in a research report on Tuesday, August 15th. Finally, BidaskClub raised shares of Danaos Corporation from a sell rating to a hold rating in a research report on Friday, July 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Danaos Corporation currently has an average rating of Hold and a consensus price target of $2.25.

Shares of Danaos Corporation (NYSE DAC) traded up 1.786% during midday trading on Monday, hitting $1.425. The stock had a trading volume of 4,955 shares. Danaos Corporation has a 1-year low of $1.25 and a 1-year high of $4.40. The firm’s market capitalization is $156.46 million. The company’s 50 day moving average price is $1.47 and its 200-day moving average price is $1.63.

Danaos Corporation (NYSE:DAC) last released its quarterly earnings data on Monday, July 31st. The shipping company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Danaos Corporation had a positive return on equity of 16.72% and a negative net margin of 92.96%. The company had revenue of $113.88 million during the quarter, compared to the consensus estimate of $108.01 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. Equities analysts predict that Danaos Corporation will post $0.89 earnings per share for the current year.

WARNING: “Danaos Corporation (DAC) Upgraded to “Buy” at ValuEngine” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at

A hedge fund recently raised its stake in Danaos Corporation stock. Bank of New York Mellon Corp lifted its holdings in shares of Danaos Corporation (NYSE:DAC) by 4.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,802 shares of the shipping company’s stock after acquiring an additional 4,383 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.10% of Danaos Corporation worth $194,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.89% of the company’s stock.

Danaos Corporation Company Profile

Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company’s principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company.

Receive News & Ratings for Danaos Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaos Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.