Banking

Shipper Danaos Stock Joins Rank Of Stocks With 95-Plus Composite Rating

The IBD SmartSelect Composite Rating for Danaos (DAC) rose from 94 to 98 Wednesday. The shipping stock has a 99 Relative Strength Rating.

The new rating is a sign the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.

Is Danaos Stock A Buy?

Since breaking out from a 6.65 buy point in a flat base last August, Danaos stock has been a strong performer the past 12 months. So far this year, the stock is up more than 150%. It’s not considered currently extended beyond a proper buy zone. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 


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One weak spot is the company’s 65 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

In Q1, the shipper posted 111% EPS growth. That marks four straight reports with rising EPS performance. Sales growth increased 24%, up from 9% in the prior report. The company has now posted increasing growth in each of the last four reports.

Danaos stock earns the No. 3 rank among its peers in the Transportation-Ship industry group. Matson (MATX) is the No. 1-ranked stock within the group.

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