Cadeler A/S (NYSE:CDLR) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Cadeler A/S has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, signaling a shift in analyst sentiment on the stock.
• The company reported strong earnings, with $2.12 EPS for the quarter, significantly exceeding analyst expectations of $0.61, and recorded revenues of $136.09 million.
• Cadeler A/S operates in the offshore wind industry, providing transportation and installation services, along with maintenance and decommissioning tasks for wind farms.

Cadeler A/S (NYSE:CDLR - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Friday.

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cadeler A/S in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Cadeler A/S Price Performance

Shares of CDLR traded up $0.19 during midday trading on Friday, hitting $21.64. 64,896 shares of the company traded hands, compared to its average volume of 54,896. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 7.26 and a beta of 0.26. The firm has a 50 day moving average of $21.01 and a 200-day moving average of $20.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 0.99. Cadeler A/S has a 52 week low of $17.36 and a 52 week high of $28.65.

Cadeler A/S (NYSE:CDLR - Get Free Report) last issued its earnings results on Tuesday, August 26th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $1.51. The firm had revenue of $136.09 million for the quarter, compared to analysts' expectations of $128.33 million. Cadeler A/S had a return on equity of 19.18% and a net margin of 50.69%. On average, analysts forecast that Cadeler A/S will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Cadeler A/S

Several large investors have recently added to or reduced their stakes in CDLR. TT International Asset Management LTD lifted its stake in shares of Cadeler A/S by 5.8% in the 1st quarter. TT International Asset Management LTD now owns 250,202 shares of the company's stock valued at $4,919,000 after purchasing an additional 13,806 shares during the last quarter. Yaupon Capital Management LP raised its holdings in Cadeler A/S by 17.7% during the 1st quarter. Yaupon Capital Management LP now owns 134,950 shares of the company's stock valued at $2,653,000 after buying an additional 20,309 shares during the period. Bank of America Corp DE raised its holdings in Cadeler A/S by 866.6% during the 4th quarter. Bank of America Corp DE now owns 54,119 shares of the company's stock valued at $1,208,000 after buying an additional 48,520 shares during the period. Valueworks LLC lifted its position in Cadeler A/S by 22.1% in the first quarter. Valueworks LLC now owns 532,438 shares of the company's stock worth $10,468,000 after buying an additional 96,508 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Cadeler A/S by 288.5% during the first quarter. GAMMA Investing LLC now owns 9,024 shares of the company's stock worth $177,000 after buying an additional 6,701 shares during the period. 53.03% of the stock is owned by institutional investors.

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.

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