Danaos Corporation – Consensus Indicates Potential 23.3% Upside

Broker Ratings

Danaos Corporation with ticker code (DAC) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 85 and 65 with the average target price sitting at 71.75. Now with the previous closing price of 58.17 this indicates there is a potential upside of 23.3%. The 50 day MA is 55.02 and the 200 moving average now moves to 34.36. The market capitalisation for the company is $1,236m. Company Website: http://www.danaos.com

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, 2021, it had a fleet of 65 containerships aggregating 403,793 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 1972 and is based in Piraeus, Greece.

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