Cadeler A/S (NYSE:CDLR) Hits New 52-Week High – What’s Next?
by Amy Steele · The Cerbat GemCadeler A/S Sponsored ADR (NYSE:CDLR – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.01 and last traded at $29.7410, with a volume of 22079 shares. The stock had previously closed at $29.57.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Fearnley Fonds raised Cadeler A/S to a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadeler A/S in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Read Our Latest Research Report on CDLR
Cadeler A/S Stock Up 2.6%
The business has a 50-day moving average of $25.27 and a 200-day moving average of $22.16. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.10 and a current ratio of 1.11. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 8.20 and a beta of 0.68.
Cadeler A/S (NYSE:CDLR – Get Free Report) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. The firm had revenue of $196.49 million during the quarter, compared to the consensus estimate of $170.48 million. Cadeler A/S had a return on equity of 20.60% and a net margin of 45.35%.
Hedge Funds Weigh In On Cadeler A/S
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. purchased a new position in Cadeler A/S during the 1st quarter valued at about $243,000. Blue Trust Inc. purchased a new position in Cadeler A/S during the 1st quarter valued at about $42,000. Invesco Ltd. boosted its holdings in Cadeler A/S by 50.0% during the 4th quarter. Invesco Ltd. now owns 644,239 shares of the company’s stock valued at $11,976,000 after acquiring an additional 214,683 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Cadeler A/S during the 4th quarter valued at about $214,000. Finally, Cetera Investment Advisers boosted its holdings in Cadeler A/S by 19.0% during the 4th quarter. Cetera Investment Advisers now owns 26,509 shares of the company’s stock valued at $493,000 after acquiring an additional 4,228 shares during the period. 53.03% of the stock is currently owned by hedge funds and other institutional investors.
About Cadeler A/S
Cadeler A/S is a Denmark-based specialist in offshore wind turbine installation and related services. The company operates a fleet of dynamically positioned (DP3) self-propelled jack-up vessels designed for the transportation, installation and commissioning of foundation structures, turbine towers, nacelles and blades. Cadeler’s capabilities encompass project planning, logistics coordination and offshore operations, enabling wind farm developers to deploy large-scale turbines in challenging marine environments.
The company’s two flagship vessels, Wind Orca and Wind Osprey, are equipped to work in water depths of up to 70 meters and to handle the installation of next-generation turbines.