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

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

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Cadeler A/S in a report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Cadeler A/S Stock Performance

NYSE:CDLR opened at $21.64 on Friday. The firm has a market cap of $1.90 billion, a PE ratio of 7.26 and a beta of 0.26. Cadeler A/S has a fifty-two week low of $17.36 and a fifty-two week high of $28.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 0.99. The business has a 50 day moving average price of $21.01 and a 200-day moving average price of $20.61.

Cadeler A/S (NYSE:CDLR) last announced its earnings results on Tuesday, August 26th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $1.51. The company had revenue of $136.09 million during the quarter, compared to the consensus estimate of $128.33 million. Cadeler A/S had a return on equity of 19.18% and a net margin of 50.69%. Equities research 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 institutional investors have recently added to or reduced their stakes in CDLR. Bank of America Corp DE raised its holdings in 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 raised its holdings in Cadeler A/S by 288.5% in the first quarter. GAMMA Investing LLC now owns 9,024 shares of the company’s stock worth $177,000 after purchasing an additional 6,701 shares in the last quarter. Rhumbline Advisers raised its holdings in Cadeler A/S by 45.2% in the first quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after purchasing an additional 675 shares in the last quarter. TT International Asset Management LTD raised its holdings in Cadeler A/S by 5.8% in the first quarter. TT International Asset Management LTD now owns 250,202 shares of the company’s stock worth $4,919,000 after purchasing an additional 13,806 shares in the last quarter. Finally, Valueworks LLC raised its holdings in Cadeler A/S by 22.1% in the first quarter. Valueworks LLC now owns 532,438 shares of the company’s stock worth $10,468,000 after purchasing an additional 96,508 shares in the last quarter. Institutional investors own 53.03% of the company’s stock.

About Cadeler A/S

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.