Cadeler A/S (NYSE:CDLR) Price Target Raised to $37.00

Cadeler A/S (NYSE:CDLR) had its price target boosted by Stifel Nicolaus from $34.00 to $37.00 in a research report released on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Cadeler A/S Price Performance

NYSE:CDLR opened at $25.27 on Monday. The firm has a 50-day moving average of $21.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.51 and a current ratio of 3.53. Cadeler A/S has a 12 month low of $16.29 and a 12 month high of $26.00.

Cadeler A/S (NYSE:CDLR) last released its quarterly earnings data on Tuesday, May 28th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.11. The company had revenue of $20.70 million during the quarter, compared to analysts’ expectations of $14.36 million. As a group, equities research analysts predict that Cadeler A/S will post 0.69 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. NBC Securities Inc. bought a new stake in Cadeler A/S in the fourth quarter valued at about $331,000. Privium Fund Management UK Ltd bought a new position in shares of Cadeler A/S during the fourth quarter valued at approximately $1,337,000. Cowen AND Company LLC bought a new position in shares of Cadeler A/S during the fourth quarter valued at approximately $1,566,000. Pale Fire Capital SE bought a new position in shares of Cadeler A/S during the fourth quarter valued at approximately $2,803,000. Finally, TT International Asset Management LTD bought a new position in shares of Cadeler A/S during the fourth quarter valued at approximately $2,804,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

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.