Cadeler A/S (NYSE:CDLR) Upgraded by Wall Street Zen to “Hold” Rating

Cadeler A/S (NYSE:CDLR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

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

Cadeler A/S Trading Down 2.9%

NYSE:CDLR opened at $21.16 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. Cadeler A/S has a 1-year low of $15.37 and a 1-year high of $30.01. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 6.10 and a beta of 0.57. The business’s 50-day moving average price is $25.49 and its two-hundred day moving average price is $23.70.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CDLR. Invesco Ltd. increased its position in shares of Cadeler A/S by 50.0% during the fourth quarter. Invesco Ltd. now owns 644,239 shares of the company’s stock worth $11,976,000 after acquiring an additional 214,683 shares in the last quarter. Valueworks LLC lifted its position in Cadeler A/S by 0.3% in the 4th quarter. Valueworks LLC now owns 529,584 shares of the company’s stock valued at $9,845,000 after acquiring an additional 1,791 shares in the last quarter. Marshall Wace LLP lifted its position in Cadeler A/S by 30.7% in the 2nd quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock valued at $1,698,000 after acquiring an additional 20,079 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Cadeler A/S by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock valued at $1,498,000 after acquiring an additional 985 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Cadeler A/S in the 4th quarter worth $984,000. Institutional investors and hedge funds 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.