Shares of Danaos Corporation (NYSE:DAC) have earned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $2.25.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Danaos Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Jefferies Group LLC restated a “hold” rating and set a $3.00 price objective on shares of Danaos Corporation in a research note on Monday, July 10th. ValuEngine lowered shares of Danaos Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Danaos Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 14th.

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Danaos Corporation (DAC) traded down 2.86% during trading on Tuesday, reaching $1.70. 48,369 shares of the company’s stock traded hands. Danaos Corporation has a 12 month low of $1.25 and a 12 month high of $4.40. The firm has a 50 day moving average price of $1.83 and a 200-day moving average price of $1.90. The firm’s market cap is $186.66 million.

Danaos Corporation (NYSE:DAC) last issued its quarterly earnings results on Monday, July 31st. The shipping company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. Danaos Corporation had a negative net margin of 92.96% and a positive return on equity of 16.72%. The firm had revenue of $113.88 million for the quarter, compared to analysts’ expectations of $108.01 million. During the same period in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was down 16.9% on a year-over-year basis. On average, analysts forecast that Danaos Corporation will post $0.89 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Danaos Corporation stock. Bank of New York Mellon Corp boosted its stake in Danaos Corporation (NYSE:DAC) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,802 shares of the shipping company’s stock after buying an additional 3,000 shares during the period. Bank of New York Mellon Corp owned about 0.10% of Danaos Corporation worth $193,000 at the end of the most recent quarter. Institutional investors and hedge funds own 2.21% 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.

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