Cadeler A/S (NYSE:CDLR) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Cadeler A/S (NYSE:CDLR) from a buy rating to a hold rating in a research report report published on Friday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Cadeler A/S in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Cadeler A/S Price Performance

NYSE CDLR opened at $21.64 on Friday. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 7.26 and a beta of 0.26. Cadeler A/S has a 1-year low of $17.36 and a 1-year high of $28.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.98. The business’s fifty day moving average price is $21.01 and its 200-day moving average price is $20.61.

Cadeler A/S (NYSE:CDLR) last released its quarterly earnings results on Tuesday, August 26th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $0.61 by $1.51. The firm had revenue of $136.09 million during the quarter, compared to analyst estimates of $128.33 million. Cadeler A/S had a net margin of 50.69% and a return on equity of 19.18%. On average, equities analysts predict that Cadeler A/S will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On Cadeler A/S

A number of hedge funds have recently modified their holdings of CDLR. Bank of America Corp DE increased its stake in shares of Cadeler A/S by 866.6% in the fourth quarter. Bank of America Corp DE now owns 54,119 shares of the company’s stock worth $1,208,000 after purchasing an additional 48,520 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Cadeler A/S by 288.5% in the 1st quarter. GAMMA Investing LLC now owns 9,024 shares of the company’s stock worth $177,000 after buying an additional 6,701 shares during the period. Rhumbline Advisers increased its stake in Cadeler A/S by 45.2% in the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after buying an additional 675 shares in the last quarter. TT International Asset Management LTD raised its holdings in Cadeler A/S by 5.8% during the first quarter. TT International Asset Management LTD now owns 250,202 shares of the company’s stock valued at $4,919,000 after acquiring an additional 13,806 shares during the period. Finally, Valueworks LLC lifted its position in shares of Cadeler A/S by 22.1% in the first quarter. Valueworks LLC now owns 532,438 shares of the company’s stock valued at $10,468,000 after acquiring an additional 96,508 shares in the last quarter. 53.03% of the stock is currently owned by institutional investors.

Cadeler A/S Company Profile

Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm construction, maintenance, decommissioning, and other tasks within the offshore industry, as well as marine and engineering services. The company owns and operates four offshore jack-up windfarm installation vessels.