Cadeler A/S (NYSE:CDLR) Sets New 12-Month High at $28.09

Cadeler A/S (NYSE:CDLR) reached a new 52-week high on Monday . The company traded as high as $28.09 and last traded at $28.09, with a volume of 290 shares. The stock had previously closed at $27.48.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped their target price on Cadeler A/S from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, June 24th.

Cadeler A/S Trading Up 2.6 %

The stock has a 50-day simple moving average of $26.02 and a 200-day simple moving average of $23.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.29 and a quick ratio of 2.28.

Cadeler A/S (NYSE:CDLR) last announced its earnings results on Tuesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The business had revenue of $67.98 million during the quarter, compared to the consensus estimate of $73.00 million. Sell-side analysts expect that Cadeler A/S will post 0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cadeler A/S

Institutional investors and hedge funds have recently made changes to their positions in the company. Pale Fire Capital SE acquired a new stake in shares of Cadeler A/S during the 4th quarter valued at approximately $2,803,000. Privium Fund Management UK Ltd bought a new position in Cadeler A/S during the 4th quarter worth $1,337,000. Janus Henderson Group PLC grew its stake in Cadeler A/S by 107.3% during the 1st quarter. Janus Henderson Group PLC now owns 792,218 shares of the company’s stock worth $14,371,000 after buying an additional 410,148 shares during the last quarter. Franklin Resources Inc. bought a new position in Cadeler A/S during the 4th quarter worth $4,318,000. Finally, Lighthouse Investment Partners LLC bought a new position in Cadeler A/S during the 4th quarter worth $3,021,000. 53.03% of the stock is owned by institutional investors and hedge funds.

Cadeler A/S Company Profile

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.