Cadeler A/S (NYSE:CDLR) Shares Gap Up – Still a Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $23.97, but opened at $26.00. Cadeler A/S shares last traded at $25.7310, with a volume of 45,836 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen cut Cadeler A/S from a “hold” rating to a “sell” rating in a research note on Sunday, July 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadeler A/S in a research note on Tuesday, August 18th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Cadeler A/S Stock Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.29 and a current ratio of 1.31. The stock’s 50-day moving average is $22.65 and its 200 day moving average is $24.45. The firm has a market cap of $2.50 billion, a P/E ratio of 7.46 and a beta of 0.66.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CDLR. Bank of America Corp DE raised its position in Cadeler A/S by 17.7% in the 3rd quarter. Bank of America Corp DE now owns 3,963 shares of the company’s stock valued at $82,000 after buying an additional 597 shares during the last quarter. Rhumbline Advisers boosted its position in Cadeler A/S by 45.2% during the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after acquiring an additional 675 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Cadeler A/S by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock worth $1,498,000 after acquiring an additional 985 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Cadeler A/S during the 2nd quarter worth approximately $34,000. Finally, Valueworks LLC grew its stake in shares of Cadeler A/S by 0.3% during the 4th quarter. Valueworks LLC now owns 529,584 shares of the company’s stock worth $9,845,000 after acquiring an additional 1,791 shares in the last quarter. 53.03% of the stock is currently owned by institutional investors.

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.