Cadeler A/S (NYSE:CDLR) Hits New 1-Year Low – What’s Next?

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $6.70 and last traded at $7.2450, with a volume of 20,907 shares trading hands. The stock had previously closed at $25.84.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings raised Cadeler A/S from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Wall Street Zen upgraded shares of Cadeler A/S from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Cadeler A/S Price Performance

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.61 and a current ratio of 1.62. The company has a fifty day moving average price of $24.20 and a two-hundred day moving average price of $24.32. The company has a market cap of $717.55 million, a P/E ratio of 2.96 and a beta of 0.54.

Cadeler A/S (NYSE:CDLR) last released its earnings results on Tuesday, August 25th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.21. Cadeler A/S had a return on equity of 12.58% and a net margin of 27.45%. The business had revenue of $322.76 million for the quarter, compared to analyst estimates of $280.45 million.

Institutional Investors Weigh In On Cadeler A/S

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Cadeler A/S by 157.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock valued at $38,000 after buying an additional 1,064 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Cadeler A/S during the first quarter worth $243,000. Renaissance Technologies LLC acquired a new position in Cadeler A/S during the first quarter worth $271,000. Finally, Cetera Investment Advisers raised its position in Cadeler A/S by 25.4% during the first quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock worth $782,000 after acquiring an additional 6,741 shares in the last quarter. Institutional investors own 53.03% of the company’s stock.

Cadeler A/S Company Profile

Cadeler A/S is a Denmark-based provider of offshore wind installation and marine support services. The company owns and operates specialized jack-up vessels designed to transport, install and service offshore wind turbines and their foundations.

Its fleet supports major offshore wind projects throughout Europe and other international markets, including the United States and Asia-Pacific. Cadeler provides vessel chartering, project execution and offshore logistics services for wind farm developers, turbine manufacturers and engineering contractors.

The company was established in 2012 as Swire Blue Ocean and later adopted the Cadeler name.