Cadre (NYSE:CDRE) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Cadre has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, reflecting a cautious outlook from analysts.
• Bank of America has also cut its rating from "neutral" to "underperform," lowering the price target from $38.00 to $26.00.
• Despite the downgrades, Lake Street Capital increased its target price to $43.00 and maintains a "buy" rating, illustrating mixed sentiments among analysts.

Cadre (NYSE:CDRE - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Other equities analysts have also recently issued reports about the company. Bank of America cut Cadre from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $38.00 to $26.00 in a report on Wednesday, August 13th. Lake Street Capital upped their target price on Cadre from $41.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cadre in a research report on Wednesday. Finally, Roth Capital reaffirmed a "buy" rating and set a $44.00 target price on shares of Cadre in a research report on Friday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $37.50.

Cadre Price Performance

Cadre stock opened at $38.38 on Friday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 40.83, a PEG ratio of 1.41 and a beta of 1.34. Cadre has a 52-week low of $27.07 and a 52-week high of $40.28. The stock's 50 day moving average price is $32.84 and its two-hundred day moving average price is $32.46. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.56 and a current ratio of 3.59.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. The firm had revenue of $157.11 million for the quarter, compared to analysts' expectations of $153.23 million. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS. Cadre has set its FY 2025 guidance at EPS. On average, equities analysts predict that Cadre will post 1.05 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Huntington National Bank lifted its position in shares of Cadre by 48.4% during the second quarter. Huntington National Bank now owns 960 shares of the company's stock valued at $31,000 after purchasing an additional 313 shares in the last quarter. Assetmark Inc. lifted its position in shares of Cadre by 43.1% during the second quarter. Assetmark Inc. now owns 1,395 shares of the company's stock valued at $44,000 after purchasing an additional 420 shares in the last quarter. Militia Capital Partners LP bought a new position in shares of Cadre during the first quarter valued at about $49,000. State of Wyoming purchased a new stake in shares of Cadre during the 1st quarter valued at $69,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Cadre by 14.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company's stock valued at $93,000 after purchasing an additional 357 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Company Profile

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.

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