Danaos (DAC) Earns Hold Rating from Analysts at Jefferies Group
Jefferies Group initiated coverage on shares of Danaos (NYSE:DAC) in a report issued on Monday. The brokerage issued a hold rating and a $3.00 price target on the shipping company’s stock. Jefferies Group also issued estimates for Danaos’ Q4 2017 earnings at $0.21 EPS, FY2017 earnings at $0.86 EPS and FY2018 earnings at $0.95 EPS.
Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of Danaos from a buy rating to a hold rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Danaos from a hold rating to a sell rating in a report on Tuesday, October 24th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $3.00.
Danaos (NYSE:DAC) opened at $1.42 on Monday. Danaos has a 1 year low of $1.25 and a 1 year high of $3.20. The stock has a market cap of $170.19, a P/E ratio of 1.61 and a beta of 1.31.
An institutional investor recently raised its position in Danaos stock. Neuberger Berman Group LLC grew its position in shares of Danaos Corporation (NYSE:DAC) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,810,713 shares of the shipping company’s stock after purchasing an additional 80,962 shares during the quarter. Neuberger Berman Group LLC owned approximately 1.65% of Danaos worth $2,535,000 as of its most recent SEC filing. Institutional investors own 1.98% of the company’s stock.
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Danaos 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.
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