Cadeler A/S (NYSE:CDLR) Rating Lowered to Sell at Wall Street Zen

Cadeler A/S (NYSE:CDLR) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Several other brokerages also recently commented on CDLR. Fearnley Fonds upgraded shares of Cadeler A/S to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings downgraded shares of Cadeler A/S from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Cadeler A/S Price Performance

CDLR stock opened at $22.65 on Friday. The company has a 50 day simple moving average of $26.13 and a 200 day simple moving average of $23.39. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 6.53 and a beta of 0.57. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 1.29. Cadeler A/S has a 1 year low of $15.37 and a 1 year high of $30.01.

Cadeler A/S (NYSE:CDLR) last announced its earnings results on Wednesday, May 20th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.24). The firm had revenue of $144.38 million during the quarter, compared to analysts’ expectations of $174.30 million. Cadeler A/S had a net margin of 39.61% and a return on equity of 18.00%.

Hedge Funds Weigh In On Cadeler A/S

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in Cadeler A/S during the first quarter worth about $271,000. Cetera Investment Advisers boosted its position in shares of Cadeler A/S by 25.4% in the first quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock valued at $782,000 after acquiring an additional 6,741 shares during the period. QRG Capital Management Inc. bought a new position in shares of Cadeler A/S in the first quarter valued at approximately $243,000. Blue Trust Inc. bought a new position in shares of Cadeler A/S in the first quarter valued at approximately $42,000. Finally, Invesco Ltd. boosted its position in shares of Cadeler A/S by 50.0% in the fourth 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. Institutional investors own 53.03% of the company’s stock.

Cadeler A/S Company Profile

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.