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 Monday . The stock had previously closed at $22.17, but opened at $23.50. Cadeler A/S shares last traded at $23.5080, with a volume of 53,754 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CDLR shares. Weiss Ratings downgraded Cadeler A/S from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Wall Street Zen cut Cadeler A/S from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Fearnley Fonds raised Cadeler A/S to a “hold” rating in a research report on Monday, March 23rd. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Cadeler A/S has an average rating of “Hold”.

Cadeler A/S Price Performance

The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. The business’s fifty day moving average is $25.12 and its 200 day moving average is $23.87. The company has a market cap of $2.27 billion, a P/E ratio of 6.77 and a beta of 0.68.

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

Institutional Investors Weigh In On Cadeler A/S

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in Cadeler A/S by 45.2% during the first 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 bought a new stake in shares of Cadeler A/S in the second quarter valued at approximately $375,000. Invesco Ltd. bought a new stake in shares of Cadeler A/S in the second quarter valued at approximately $4,555,000. Marshall Wace LLP lifted its stake in shares of Cadeler A/S by 30.7% during the 2nd 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Cadeler A/S during the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 53.03% of the company’s stock.

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.