Cadre (NYSE:CDRE) Upgraded by Wall Street Zen to Buy Rating

Cadre (NYSE:CDRE) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other research analysts have also issued reports about the stock. Roth Capital reissued a “buy” rating and issued a $44.00 target price on shares of Cadre in a report on Friday, October 10th. Lake Street Capital lifted their price objective on shares of Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadre in a research note on Wednesday, October 8th. Finally, Bank of America lowered shares of Cadre from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $38.00 to $26.00 in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.50.

Cadre Trading Down 0.2%

Cadre stock opened at $42.57 on Friday. The stock has a market cap of $1.73 billion, a P/E ratio of 45.29, a PEG ratio of 1.55 and a beta of 1.34. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.59 and a quick ratio of 2.56. Cadre has a 1 year low of $27.07 and a 1 year high of $44.29. The firm’s 50 day moving average price is $36.30 and its 200-day moving average price is $33.74.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The firm had revenue of $157.11 million for the quarter, compared to analysts’ expectations of $153.23 million. During the same quarter last year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Cadre has set its FY 2025 guidance at EPS. On average, equities analysts predict that Cadre will post 1.05 earnings per share for the current fiscal year.

Institutional Trading of Cadre

Large investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its stake in shares of Cadre by 14.9% during the first quarter. Northern Trust Corp now owns 344,693 shares of the company’s stock valued at $10,206,000 after purchasing an additional 44,588 shares during the period. Vanguard Group Inc. raised its holdings in shares of Cadre by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company’s stock valued at $42,415,000 after acquiring an additional 41,476 shares in the last quarter. Corbyn Investment Management Inc. MD raised its holdings in shares of Cadre by 31.4% in the first quarter. Corbyn Investment Management Inc. MD now owns 41,539 shares of the company’s stock valued at $1,230,000 after acquiring an additional 9,935 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Cadre by 277.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 30,473 shares of the company’s stock worth $902,000 after purchasing an additional 22,399 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Cadre by 19.7% in the first quarter. Natixis Advisors LLC now owns 14,429 shares of the company’s stock worth $427,000 after purchasing an additional 2,371 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Company Profile

Cadre Holdings, Inc manufactures and distributes safety 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 offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; 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 equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.