For its first fiscal quarter (ending March 31), Danaos Corp (NYSE: DAC) has reported E.P.S. of $7.75 compared to $7.18 a year ago. For the latest four quarters through March 31, E.P.S. were $29.56 compared to $18.41 a year ago.
Recent Price Action
Danaos Corp (NYSE: DAC) stock closed at $87.95 on 5/28/24 after a decline of -2.9%. Moreover, trading volume in this decline was exceptionally high at 266% of normal. The stock has risen 3.3% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, DAC is expected to continue to be a modest Value Builder.
Danaos has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Danaos has a good Power Rating of 84 and a very high Appreciation Score of 97, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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