Raymond James Boosts Cadre (NYSE:CDRE) Price Target to $32.00

Cadre (NYSE:CDREGet Rating) had its price target upped by Raymond James from $29.00 to $32.00 in a research report report published on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Bank of America began coverage on Cadre in a research note on Tuesday, September 6th. They issued a buy rating and a $30.00 price objective on the stock. Jefferies Financial Group began coverage on Cadre in a research note on Wednesday, August 31st. They issued a buy rating and a $32.00 price objective on the stock. Finally, B. Riley boosted their price objective on Cadre from $32.00 to $38.00 and gave the company a buy rating in a research note on Friday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $28.43.

Cadre Trading Down 0.9 %

NYSE CDRE opened at $29.48 on Friday. Cadre has a one year low of $17.40 and a one year high of $31.50. The business’s fifty day moving average is $27.24 and its 200-day moving average is $24.87. The stock has a market capitalization of $1.10 billion and a price-to-earnings ratio of 368.30. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.29 and a quick ratio of 1.29.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Tuesday, November 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Monday, October 31st. Cadre’s payout ratio is presently 400.05%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank grew its holdings in shares of Cadre by 18.1% during the third quarter. Amalgamated Bank now owns 3,084 shares of the company’s stock worth $74,000 after purchasing an additional 473 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Cadre by 75.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,322 shares of the company’s stock worth $56,000 after purchasing an additional 1,001 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Cadre by 0.5% during the first quarter. Vanguard Group Inc. now owns 263,921 shares of the company’s stock worth $6,482,000 after purchasing an additional 1,346 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Cadre during the first quarter worth about $51,000. Finally, New York State Common Retirement Fund grew its holdings in shares of Cadre by 17.0% during the third quarter. New York State Common Retirement Fund now owns 14,510 shares of the company’s stock worth $349,000 after purchasing an additional 2,108 shares in the last quarter. Hedge funds and other institutional investors own 33.57% of the company’s stock.

Cadre Company Profile

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Cadre Holdings, Inc manufactures and distributes safety and survivability equipment that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It primarily provides body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brands; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective and law enforcement equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.

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