Cadeler A/S (NYSE:CDLR) Sets New 52-Week High – Still a Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR) reached a new 52-week high on Monday . The stock traded as high as $30.01 and last traded at $29.7410, with a volume of 22079 shares trading hands. The stock had previously closed at $29.57.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadeler A/S in a research note on Wednesday, January 21st. Fearnley Fonds raised Cadeler A/S to a “hold” rating in a research note on Monday, March 23rd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Cadeler A/S Trading Down 0.4%

The business has a fifty day simple moving average of $25.07 and a 200 day simple moving average of $21.94. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 8.18 and a beta of 0.68. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.10 and a current ratio of 1.11.

Cadeler A/S (NYSE:CDLR) last announced its earnings results on Wednesday, March 25th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. The firm had revenue of $196.49 million for the quarter, compared to analysts’ expectations of $170.48 million. Cadeler A/S had a return on equity of 20.60% and a net margin of 45.35%.

Institutional Investors Weigh In On Cadeler A/S

Several hedge funds have recently made changes to their positions in CDLR. Rhumbline Advisers boosted its holdings in shares of 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. Cetera Investment Advisers acquired a new stake in shares of Cadeler A/S during the second quarter worth $375,000. Invesco Ltd. acquired a new stake in shares of Cadeler A/S during the second quarter worth $4,555,000. Marshall Wace LLP boosted its holdings in shares of Cadeler A/S by 30.7% during the second quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock worth $1,698,000 after purchasing an additional 20,079 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Cadeler A/S during the second quarter worth $34,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

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.