Danaos Corporation which can be found using ticker (DAC) have now 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 125 and 65 calculating the average target price we see $90.00. Now with the previous closing price of $59.28 this now indicates there is a potential upside of 51.8%. The day 50 moving average is $56.81 while the 200 day moving average is $59.73. The market cap for the company is $1,230m. You can visit the company’s website by visiting: https://www.danaos.com
The potential market cap would be $1,867m based on the market consensus.
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 March 7, 2023, it had a fleet of 68 containerships aggregating 421,293 twenty-foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1963 and is based in Piraeus, Greece.
The company has a dividend yield of 5.06% with the ex dividend date set at 27-2-2023 (DMY).
Other points of data to note are a P/E ratio of 2.22, revenue per share of 48.5 and a 10.82% return on assets.
