Cadeler A/S (NYSE:CDLR) Shares Gap Up – What’s Next?

Cadeler A/S Sponsored ADR (NYSE:CDLRGet Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $22.17, but opened at $23.50. Cadeler A/S shares last traded at $23.5080, with a volume of 53,754 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CDLR shares. Fearnley Fonds raised Cadeler A/S to a “hold” rating in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of Cadeler A/S from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, 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. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Cadeler A/S currently has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on Cadeler A/S

Cadeler A/S Price Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.29 and a current ratio of 1.31. The business has a 50 day simple moving average of $25.12 and a 200-day simple moving average of $23.87. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 6.77 and a beta of 0.68.

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

Hedge Funds Weigh In On Cadeler A/S

A number of hedge funds have recently bought and sold shares of CDLR. Raymond James Financial Inc. bought a new stake in shares of Cadeler A/S in the 2nd quarter worth $34,000. Blue Trust Inc. purchased a new position in Cadeler A/S during the first quarter worth about $42,000. Rhumbline Advisers boosted its holdings in Cadeler A/S by 45.2% during the first quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after purchasing an additional 675 shares during the last quarter. Bank of America Corp DE grew its position in Cadeler A/S by 10,418.8% in the 2nd quarter. Bank of America Corp DE now owns 3,366 shares of the company’s stock worth $67,000 after purchasing an additional 3,334 shares in the last quarter. Finally, Barclays PLC bought a new stake in Cadeler A/S in the 4th quarter worth about $119,000. 53.03% of the stock is owned by hedge funds and other institutional investors.

Cadeler A/S Company Profile

(Get Free Report)

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.

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