Wall Street Zen Downgrades Cadre (NYSE:CDRE) to Hold

Cadre (NYSE:CDRE) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a research note on Wednesday, October 8th. Lake Street Capital lifted their price objective on Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a report on Thursday. Bank of America cut Cadre from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $38.00 to $26.00 in a report on Wednesday, August 13th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $44.00 price target on shares of Cadre in a report on Friday. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.50.

Cadre Trading Down 0.3%

NYSE:CDRE opened at $38.38 on Friday. The company’s 50 day moving average is $32.84 and its 200-day moving average is $32.49. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 40.83, a P/E/G ratio of 1.39 and a beta of 1.34. The company has a quick ratio of 2.56, a current ratio of 3.59 and a debt-to-equity ratio of 0.90. Cadre has a 12 month low of $27.07 and a 12 month high of $40.28.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. The business 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%. Cadre’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. Cadre has set its FY 2025 guidance at EPS. Equities analysts anticipate that Cadre will post 1.05 EPS for the current year.

Hedge Funds Weigh In On Cadre

Several institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC grew its position in shares of Cadre by 101.4% during the 2nd quarter. Squarepoint Ops LLC now owns 49,043 shares of the company’s stock worth $1,562,000 after buying an additional 24,697 shares during the period. Caxton Associates LLP acquired a new position in shares of Cadre during the 2nd quarter worth about $291,000. Tower Research Capital LLC TRC grew its position in shares of Cadre by 110.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $136,000 after buying an additional 2,246 shares during the period. Select Equity Group L.P. grew its position in shares of Cadre by 8.5% during the 2nd quarter. Select Equity Group L.P. now owns 485,365 shares of the company’s stock worth $15,459,000 after buying an additional 38,028 shares during the period. Finally, Rafferty Asset Management LLC acquired a new position in shares of Cadre during the 2nd quarter worth about $215,000. 43.95% of the stock is currently owned by institutional investors and hedge funds.

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.