Cadeler A/S (NYSE:CDLR) Sets New 12-Month High – Should You Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.57 and last traded at $28.12, with a volume of 61535 shares trading hands. The stock had previously closed at $28.24.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Fearnley Fonds upgraded shares of Cadeler A/S to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Cadeler A/S in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Cadeler A/S Price Performance

The business has a 50-day moving average price of $25.01 and a two-hundred day moving average price of $21.87. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 8.03 and a beta of 0.68.

Cadeler A/S (NYSE:CDLR) last announced its quarterly 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. Cadeler A/S had a net margin of 45.35% and a return on equity of 20.60%. The business had revenue of $196.49 million during the quarter, compared to analyst estimates of $170.48 million.

Institutional Investors Weigh In On Cadeler A/S

Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its stake in Cadeler A/S by 45.2% during the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock valued at $43,000 after purchasing an additional 675 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Cadeler A/S in the second quarter worth approximately $375,000. Invesco Ltd. bought a new position in shares of Cadeler A/S in the second quarter valued at approximately $4,555,000. Marshall Wace LLP boosted its position 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 valued at $1,698,000 after buying an additional 20,079 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Cadeler A/S during the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

Cadeler A/S Company Profile

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.