Danaos Corporation with ticker code (DAC) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 125 and 85 with the average target price sitting at 103.33. Given that the stocks previous close was at 63.77 this would imply there is a potential upside of 62.0%. The day 50 moving average is 68.64 and the 200 moving average now moves to 79.1. The company has a market cap of $1,247m. Company Website: https://www.danaos.com
The potential market cap would be $2,021m based on the market concensus.
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, 2022, it had a fleet of 71 containerships aggregating 436,589 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.
