Weiss Ratings Reaffirms Hold (C) Rating for Cadre (NYSE:CDRE)

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Cadre (NYSE:CDRE), indicating a cautious stance on the stock.
• Multiple research firms have issued mixed ratings for Cadre, with Wall Street Zen downgrading it from "buy" to "hold" and Bank of America moving from "neutral" to "underperform."
• Cadre recently reported earnings of $0.30 per share, surpassing analysts' expectations, with quarterly revenue increasing by 8.9% year-over-year.

Cadre (NYSE:CDRE - Get Free Report)'s stock had its "hold (c)" rating reissued by investment analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

CDRE has been the topic of several other research reports. Wall Street Zen cut shares of Cadre from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th. Bank of America cut shares of Cadre from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $38.00 to $26.00 in a research note on Wednesday, August 13th. Lake Street Capital increased their price objective on shares of Cadre from $41.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Finally, Roth Capital reiterated a "buy" rating and issued a $44.00 price objective on shares of Cadre in a research note on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $37.50.

Cadre Stock Performance

Shares of NYSE CDRE traded up $0.91 during trading on Friday, reaching $43.51. 187,487 shares of the company traded hands, compared to its average volume of 324,681. The firm has a 50 day simple moving average of $34.70 and a 200-day simple moving average of $33.18. The company has a quick ratio of 2.56, a current ratio of 3.59 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.77 billion, a PE ratio of 45.32, a P/E/G ratio of 1.54 and a beta of 1.34. Cadre has a 52-week low of $27.07 and a 52-week high of $43.63.

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

Institutional Investors Weigh In On Cadre

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDRE. SG Americas Securities LLC raised its stake in Cadre by 212.3% during the 1st quarter. SG Americas Securities LLC now owns 9,690 shares of the company's stock worth $287,000 after acquiring an additional 6,587 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Cadre by 24.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 17,526 shares of the company's stock worth $519,000 after acquiring an additional 3,417 shares during the period. WCM Investment Management LLC raised its stake in Cadre by 38.6% during the 1st quarter. WCM Investment Management LLC now owns 536,843 shares of the company's stock worth $15,611,000 after acquiring an additional 149,551 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in Cadre by 37.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock worth $125,000 after acquiring an additional 1,155 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Cadre by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 164,311 shares of the company's stock valued at $4,865,000 after buying an additional 1,248 shares in the last quarter. Institutional investors own 43.95% of the company's stock.

About Cadre

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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