ValuEngine cut shares of Danaos (NYSE:DAC) from a hold rating to a sell rating in a research report released on Wednesday morning.
Other equities research analysts also recently issued reports about the stock. Jefferies Group reissued a hold rating and issued a $2.00 price objective on shares of Danaos in a research report on Friday, March 2nd. Zacks Investment Research downgraded shares of Danaos from a hold rating to a sell rating in a research report on Wednesday, March 7th.
Shares of NYSE:DAC remained flat at $$1.20 during trading hours on Wednesday. 18,949 shares of the company’s stock were exchanged, compared to its average volume of 34,946. Danaos has a 52 week low of $1.05 and a 52 week high of $3.20. The stock has a market cap of $131.76, a P/E ratio of 1.17 and a beta of 0.64.
Danaos (NYSE:DAC) last announced its quarterly earnings data on Monday, February 12th. The shipping company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.07. Danaos had a net margin of 18.57% and a return on equity of 22.61%. The company had revenue of $114.17 million for the quarter, compared to the consensus estimate of $105.45 million. analysts expect that Danaos will post 0.63 earnings per share for the current year.
A hedge fund recently raised its stake in Danaos stock. Deutsche Bank AG grew its stake in Danaos Co. (NYSE:DAC) by 3,841.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,135 shares of the shipping company’s stock after buying an additional 88,823 shares during the period. Deutsche Bank AG owned 0.08% of Danaos worth $132,000 at the end of the most recent reporting period. Institutional investors own 2.04% of the company’s stock.
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, 2018, it had a fleet of 55 containerships aggregating 327,616 twenty foot equivalent units.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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