Cadeler A/S (NYSE:CDLR) Shares Gap Up – Should You Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR) gapped up before the market opened on Wednesday . The stock had previously closed at $20.46, but opened at $21.79. Cadeler A/S shares last traded at $21.9650, with a volume of 123,153 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CDLR. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadeler A/S in a research report on Wednesday, October 8th. Wall Street Zen lowered Cadeler A/S from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Pareto Securities raised shares of Cadeler A/S to a “hold” rating in a report on Tuesday, November 18th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Cadeler A/S Price Performance

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.07 and a quick ratio of 1.06. The company has a market cap of $1.91 billion, a PE ratio of 6.38 and a beta of 0.22. The stock has a fifty day moving average price of $18.27 and a 200-day moving average price of $19.76.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CDLR. Raymond James Financial Inc. acquired a new position in Cadeler A/S during the second quarter valued at approximately $34,000. Rhumbline Advisers increased its holdings in Cadeler A/S by 45.2% in the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock valued at $43,000 after buying an additional 675 shares during the period. Bank of America Corp DE raised its stake in shares of Cadeler A/S by 10,418.8% in the 2nd quarter. Bank of America Corp DE now owns 3,366 shares of the company’s stock valued at $67,000 after buying an additional 3,334 shares in the last quarter. Steinberganna Wealth Management bought a new position in shares of Cadeler A/S during the 3rd quarter worth about $214,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Cadeler A/S during the 2nd quarter valued at about $375,000. 53.03% of the stock is owned by institutional investors and hedge funds.

About Cadeler A/S

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.