Danaos (NYSE:DAC) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.
Other analysts have also recently issued research reports about the stock. Jefferies Group began coverage on shares of Danaos in a research note on Monday, December 18th. They issued a “hold” rating and a $3.00 price target for the company. Zacks Investment Research raised shares of Danaos from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $3.00.
Shares of Danaos (NYSE DAC) opened at $1.45 on Friday. Danaos has a one year low of $1.25 and a one year high of $3.20. The firm has a market cap of $159.21, a P/E ratio of 1.51 and a beta of 1.31.
An institutional investor recently raised its position in Danaos stock. Neuberger Berman Group LLC grew its position in Danaos Co. (NYSE:DAC) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,810,713 shares of the shipping company’s stock after buying an additional 80,962 shares during the period. Neuberger Berman Group LLC owned 1.65% of Danaos worth $2,535,000 as of its most recent SEC filing. Hedge funds and other 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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