Jefferies (NYSE:JEF) analyst Randy Giveans maintained a Buy rating on Danaos (NYSE:DAC) Corp on Friday, setting a price target of $90, which is approximately 20.32% above the present share price of $74.8.
Giveans expects Danaos Corp to post earnings per share (EPS) of $14.62 for the third quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Danaos, with an average price target of $77.5.
The analysts price targets range from a high of $90 to a low of $65.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $132.12 million and a net profit of $57.61 million. The company's market cap is $1.54 billion.
According to TipRanks.com, Jefferies analyst Randy Giveans is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.7% and a 55.41% success rate.
Danaos Corp. engages in the provision of marine and seaborne transportation services. It offers services by operating vessels in the containership sector of the shipping industry. The company was founded by Dimitris Coustas in1972 and is headquartered in Piraeus, Greece.