Shares of Danaos Corporation (NYSE:DAC) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $3.00.
Several brokerages have commented on DAC. ValuEngine cut shares of Danaos from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Danaos from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Finally, Jefferies Group reiterated a “hold” rating and issued a $3.00 target price on shares of Danaos in a report on Tuesday, October 24th.
Shares of Danaos (DAC) remained flat at $$1.40 on Monday. The stock had a trading volume of 20,528 shares, compared to its average volume of 78,615. Danaos has a 1 year low of $1.25 and a 1 year high of $3.20. The company has a market capitalization of $153.72, a price-to-earnings ratio of 1.46 and a beta of 1.31.
An institutional investor recently raised its position in Danaos stock. Neuberger Berman Group LLC increased its stake in shares of Danaos Corporation (NYSE:DAC) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 filing with the SEC. Hedge funds and other institutional investors own 1.98% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.americanbankingnews.com/2017/12/11/danaos-corporation-dac-given-average-recommendation-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Danaos Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaos Corporation and related companies with MarketBeat.com's FREE daily email newsletter.