Favorable Press Coverage Somewhat Unlikely to Affect Danaos (DAC) Stock Price

Press coverage about Danaos (NYSE:DAC) has been trending positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Danaos earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 43.4212502797965 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

DAC has been the subject of several analyst reports. ValuEngine upgraded shares of Danaos from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research cut shares of Danaos from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Finally, Jefferies Group reiterated a “hold” rating and set a $2.00 price target on shares of Danaos in a research report on Friday, March 2nd.

Shares of NYSE:DAC traded down $0.05 during trading on Thursday, hitting $1.30. 65,388 shares of the company’s stock were exchanged, compared to its average volume of 28,187. Danaos has a 1-year low of $1.05 and a 1-year high of $3.20. The stock has a market cap of $148.23 million, a price-to-earnings ratio of 1.24 and a beta of 0.72.

About Danaos

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.

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