Danaos(DAC)

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Danaos: Could A Take Private Deal Be In The Works?
seekingalpha.com· 2024-05-23 02:43
Rudi_Lange Danaos Corporation (NYSE:DAC) just announced their Q1 earnings will be released on Tuesday, March 28th. This strikes me as unusual because they've been very consistent in reporting between 5-6 weeks after the end of the quarter going back for the past 5 years (you can see these dates here on SeekingAlpha.) The latest release I could find was May 18th, 2020, during the confusion from COVID. More likely than not, the delay is just noise. But with a strengthening containership market, a take-private ...
Danaos (DAC) Increases Yet Falls Behind Market: What Investors Need to Know
Zacks Investment Research· 2024-05-06 23:16
The most recent trading session ended with Danaos (DAC) standing at $78.96, reflecting a +0.53% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 1.03%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq appreciated by 1.19%.Shares of the shipping company have appreciated by 6.28% over the course of the past month, outperforming the Transportation sector's loss of 4.11% and the S&P 500's loss of 1.57%.The investment community ...
Is Danaos (DAC) Outperforming Other Transportation Stocks This Year?
Zacks Investment Research· 2024-04-29 14:46
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Danaos (DAC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.Danaos is one of 132 companies in the Transportation group. The Transportation group currently si ...
Danaos: The Valuation Math Still Heavily Favors Bulls
Seeking Alpha· 2024-04-29 05:30
Stewart Sutton Danaos (NYSE:DAC) is a Greek shipping company with 68 owned and/or operated containerships, mostly transiting goods to Europe, Asia and Australia. I wrote two bullish articles on the company last year (June) (October), starting at a share price of $60. Over the last 10 months, DAC has performed well for shareholders with a +21% total return vs. the equivalent-period S&P 500 gain of +18%. Nothing spectacular, yet I would have guessed this outcome as closer to a minimum return with the gene ...
Danaos (DAC) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research· 2024-04-24 22:56
Danaos (DAC) closed at $73.91 in the latest trading session, marking a -0.57% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.02% for the day. Elsewhere, the Dow saw a downswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.1%.Shares of the shipping company have appreciated by 3.28% over the course of the past month, outperforming the Transportation sector's loss of 6.69% and the S&P 500's loss of 3.01%.Investors will be eagerly watching for the performanc ...
Is Danaos (DAC) Stock Undervalued Right Now?
Zacks Investment Research· 2024-04-15 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...
Danaos (DAC) Suffers a Larger Drop Than the General Market: Key Insights
Zacks Investment Research· 2024-04-12 22:56
The latest trading session saw Danaos (DAC) ending at $72.26, denoting a -1.82% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 1.46%. Elsewhere, the Dow saw a downswing of 1.24%, while the tech-heavy Nasdaq depreciated by 1.63%.Shares of the shipping company have appreciated by 5.08% over the course of the past month, underperforming the Transportation sector's gain of 6.82% and outperforming the S&P 500's gain of 1.6%.Market participants will be closel ...
Bull of the Day: Danaos (DAC)
Zacks Investment Research· 2024-04-03 12:01
Finally, this market is giving us a pullback. Only, there’s a strange thing about pullbacks. When they happen, most of y’all are too full of cowardice to plug your nose and buy the dip. Too often, investors shy away and later wonder why they didn’t go all in. Welp, there are several reasons why. I’m here to help quell a couple of them. The most important being earnings estimates. If you see earnings moving up, then you should pause and think about the stock you’re analyzing.Today’s Bull of the Day is Zacks ...
Danaos: Feeling Frustrated? This Is Your Permission Slip To Get Out
Seeking Alpha· 2024-04-01 14:50
SBWorldphotography In the past 2.5 years, I covered Danaos Corporation (NYSE:DAC) a total of 10 times. From the moment Danaos began signing highly lucrative multi-year leases for its containerships in the midst of the COVID-19 pandemic to its aggressive deleveraging journey in the coming quarters and, most recently, its entry into the dry bulk industry, I have been very bullish on its stock. Accordingly, between the summer of 2021 and recently, I would accumulate shares of Danaos whenever the stock slipped ...
Shipping Industry Rises 20.6% in 6 Months: More Room to Run?
Zacks Investment Research· 2024-03-19 14:56
The Zacks Transportation - Shipping industry is benefiting from the upbeat liquefied petroleum gas (LPG) demand. The buoyant demand scenario pertaining to the export of LPG, like propane, has served the U.S. economy well. The country is the largest exporter of gases like propane and butane. This has boosted the prospects of transporters of LPG. Notably, seaborne LPG gas volumes have been on the rise since the pandemic.With the reopening of the China economy, the entire shipping industry heaved a sigh of rel ...