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Corporation
AUTOMOTIVE & TRANSPORTATION | Transportation Services / Marine Shipping & Management Services
danaos.com

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Stage

IPO | IPO

Date of IPO

10/6/2006

Market Cap

1.41B

Stock Price

69.06

About Danaos Corporation

Danaos Corporation is one of the largest independent owners of modern, large-size containerships. The company's current fleet of 59 containerships aggregating 352,600 TEUs, including four vessels owned by Gemini Shipholdings Corporation, a joint venture, ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Its fleet is chartered to many of the world's largest liner companies on fixed-rate charters. Danaos' long track record of success is predicated on its efficient and rigorous operational standards and environmental controls. Danaos Corporation's shares trade on the New York Stock Exchange under the symbol "DAC".

Danaos Corporation Headquarter Location

14 Akti Kondyli

Piraeus, 18545,

Greece

011302104496480

Latest Danaos Corporation News

Has Danaos (DAC) Outpaced Other Transportation Stocks This Year?

Nov 25, 2021

Here is how Danaos (DAC) and Grindrod Shipping Holdings Ltd. (GRIN) have performed compared to their sector so far this year. This story originally appeared on Zacks 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? Let's take a closer look at the stock's year-to-date performance to find out. - Zacks Danaos is one of 139 companies in the Transportation group. The Transportation group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Danaos is currently sporting a Zacks Rank of #1 (Strong Buy). Within the past quarter, the Zacks Consensus Estimate for DAC's full-year earnings has moved 19.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend. Based on the most recent data, DAC has returned 236.4% so far this year. At the same time, Transportation stocks have gained an average of 11.1%. This means that Danaos is outperforming the sector as a whole this year. Grindrod Shipping Holdings Ltd. (GRIN) is another Transportation stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 250.7%. For Grindrod Shipping Holdings Ltd. the consensus EPS estimate for the current year has increased 27.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, Danaos belongs to the Transportation - Shipping industry, a group that includes 44 individual companies and currently sits at #52 in the Zacks Industry Rank. On average, stocks in this group have gained 60.2% this year, meaning that DAC is performing better in terms of year-to-date returns. Grindrod Shipping Holdings Ltd. is also part of the same industry. Investors with an interest in Transportation stocks should continue to track Danaos and Grindrod Shipping Holdings Ltd. These stocks will be looking to continue their solid performance. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.

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