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Danaos ( (DAC) ) has shared an update.
Danaos Corporation reported its financial results for the three months ended March 31, 2025, showing a slight decrease in operating revenues to $253.3 million compared to the same period in 2024. The company experienced a rise in vessel operating expenses due to an increase in the number of vessels, while interest expenses also increased due to higher average indebtedness. Despite these challenges, Danaos maintained high utilization rates for its vessels and continued to focus on expanding its fleet, which included newbuilding deliveries and acquisitions.
The most recent analyst rating on (DAC) stock is a Buy with a $105.00 price target. To see the full list of analyst forecasts on Danaos stock, see the DAC Stock Forecast page.
Spark’s Take on DAC Stock
According to Spark, TipRanks’ AI Analyst, DAC is a Outperform.
Danaos Corporation exhibits strong financials and attractive valuation, driving a positive outlook. Key strengths include high charter coverage and strong liquidity. However, challenges like declining net income and negative free cash flow require careful management. Technical indicators suggest caution, while the earnings call reinforces confidence in strategic direction.
To see Spark’s full report on DAC stock, click here.
More about Danaos
Danaos Corporation operates in the shipping industry, primarily focusing on the ownership and operation of container vessels and drybulk vessels. The company is based in Greece and is known for its competitive daily operating costs in the industry.
Average Trading Volume: 95,062
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.63B
See more data about DAC stock on TipRanks’ Stock Analysis page.