Cadeler A/S (NYSE:CDLR) Shares Gap Up – Time to Buy?

Shares of Cadeler A/S Sponsored ADR (NYSE:CDLR) gapped up prior to trading on Wednesday . The stock had previously closed at $22.48, but opened at $23.72. Cadeler A/S shares last traded at $23.6150, with a volume of 5,852 shares.

Wall Street Analyst Weigh In

CDLR has been the topic of a number of research analyst reports. Fearnley Fonds upgraded shares of Cadeler A/S to a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings downgraded shares of Cadeler A/S from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen cut shares of Cadeler A/S from a “hold” rating to a “sell” rating in a research note on Sunday, July 5th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Cadeler A/S Price Performance

The company has a 50 day moving average price of $24.31 and a 200-day moving average price of $24.14. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 6.74 and a beta of 0.68. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.87.

Cadeler A/S (NYSE:CDLR) last posted its earnings results on Wednesday, May 20th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.24). Cadeler A/S had a return on equity of 18.00% and a net margin of 39.61%.The business had revenue of $144.38 million for the quarter, compared to analyst estimates of $174.30 million.

Institutional Trading of Cadeler A/S

Several institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in Cadeler A/S in the second quarter valued at $34,000. Blue Trust Inc. acquired a new position in Cadeler A/S during the 1st quarter worth about $42,000. Rhumbline Advisers lifted its holdings in Cadeler A/S by 45.2% during the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after buying an additional 675 shares during the period. Bank of America Corp DE grew its position 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 during the last quarter. Finally, Barclays PLC bought a new stake in shares of Cadeler A/S in the 4th quarter valued at about $119,000. Institutional investors 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.