Jefferies Maintains Buy on Danaos, Raises Price Target to $105
$DAC
Marine Transportation
Consumer Discretionary
Jefferies analyst Omar Nokta maintains Danaos (NYSE:DAC) with a Buy and raises the price target from $90 to $105.
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/21/2022 | $100.00 | Buy | Jefferies |
| 2/8/2022 | $110.00 → $125.00 | Buy | Jefferies |
| 1/20/2022 | $95.00 → $110.00 | Buy | Jefferies |
| 7/2/2021 | $87.00 → $90.00 | Buy | Jefferies |
6-K - Danaos Corp (0001369241) (Filer)
6-K - Danaos Corp (0001369241) (Filer)
6-K - Danaos Corp (0001369241) (Filer)
4 - Danaos Corp (0001369241) (Reporting)
3 - Danaos Corp (0001369241) (Reporting)
Danaos Corporation ("Danaos") (NYSE:DAC) announced today that Iraklis Prokopakis will retire from his executive role as Senior Vice President and Chief Operating Officer during the fourth quarter of 2023. Mr. Prokopakis, who has served in this position since 1998, will remain on the Board of Directors and will pursue his academic interests following his retirement. The position of Chief Operating Officer will be assumed by Dimitris Vastarouchas who currently serves as Deputy Chief Operating Officer of Danaos. Mr. Vastarouchas joined Danaos Shipping Co. Ltd. (our "Manager") in 1995. He was promoted to Technical Director of our Manager in 2005 and has served as Deputy Chief Operating Office
Jefferies initiated coverage of Danaos with a rating of Buy and set a new price target of $100.00
Jefferies reiterated coverage of Danaos with a rating of Buy and set a new price target of $125.00 from $110.00 previously
Jefferies reiterated coverage of Danaos with a rating of Buy and set a new price target of $110.00 from $95.00 previously
ATHENS, Greece, Nov. 12, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended September 30, 2024. Highlights for the Third Quarter and Nine Months Ended September 30, 2024: Financial Summary Three Months Ended September 30, 2024 and Three Months Ended September 30, 2023 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended September 30, 2024 September 30, 2023 Financial & Operating Metrics Container Vessels Drybulk Vessels Other Total Container Vessels Drybulk Vessels O
ATHENS, Greece, Oct. 31, 2024 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2024, before the open of the market in New York on Tuesday, November 12, 2024. The Company's management team will host a conference call to discuss the results on Tuesday, November 12, 2024 at 9:00 A.M. ET. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 844 802 2437U.K. Toll Free Dial-in: 0 800 279 9489Standard International Dial-in: +44 (0) 2075 441 375
ATHENS, Greece, Aug. 5, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended June 30, 2024. Highlights for the Second Quarter and Half Year Ended June 30, 2024: Financial Summary Three Months Ended June 30, 2024 and Three Months Ended June 30, 2023 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 Financial & Operating Metrics ContainerVessels DrybulkVessels Other Total ContainerVessels DrybulkVessels Other Total Operating Revenues $230,5
SC 13D/A - Danaos Corp (0001369241) (Subject)
SC 13D/A - Danaos Corp (0001369241) (Subject)
SC 13D - Danaos Corp (0001369241) (Filed by)
Jefferies analyst Omar Nokta maintains Danaos (NYSE:DAC) with a Buy and raises the price target from $90 to $105.
Danaos Corporation (NYSE:DAC) shares are trading lower after it reported first-quarter FY24 results. Operating revenues increased by 4.0% Y/Y to $253.4 million, missing the consensus of $256.0 million. Vessel operating expenses increased by $2.5 million to $43.1 million in the quarter due to an increase in the average number of vessels in the fleet due to recent dry bulk vessels acquisitions. Adjusted EBITDA declined to $177.2 million from $179.0 million a year ago. Adjusted EPS of $7.15 missed the consensus of $7.74. In the quarter, Danaos had an average of 68.0 container vessels and 7.0 Capesize drybulk vessels. As of March-end, the container vessels utilization stood at 97
ATHENS, Greece, Nov. 12, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended September 30, 2024. Highlights for the Third Quarter and Nine Months Ended September 30, 2024: Financial Summary Three Months Ended September 30, 2024 and Three Months Ended September 30, 2023 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended September 30, 2024 September 30, 2023 Financial & Operating Metrics Container Vessels Drybulk Vessels Other Total Container Vessels Drybulk Vessels O
ATHENS, Greece, Oct. 31, 2024 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2024, before the open of the market in New York on Tuesday, November 12, 2024. The Company's management team will host a conference call to discuss the results on Tuesday, November 12, 2024 at 9:00 A.M. ET. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 844 802 2437U.K. Toll Free Dial-in: 0 800 279 9489Standard International Dial-in: +44 (0) 2075 441 375
ATHENS, Greece, Aug. 5, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended June 30, 2024. Highlights for the Second Quarter and Half Year Ended June 30, 2024: Financial Summary Three Months Ended June 30, 2024 and Three Months Ended June 30, 2023 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 Financial & Operating Metrics ContainerVessels DrybulkVessels Other Total ContainerVessels DrybulkVessels Other Total Operating Revenues $230,5