Cadre Holdings, Inc. (NYSE:CDRE) Receives $24.00 Average PT from Brokerages

Shares of Cadre Holdings, Inc. (NYSE:CDREGet Rating) have received a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.00.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Cadre from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Raymond James raised their price objective on shares of Cadre from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, March 11th.

Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of Cadre by 100.8% in the 1st quarter. State Street Corp now owns 102,133 shares of the company’s stock worth $2,508,000 after buying an additional 51,271 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Cadre by 23.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,008 shares of the company’s stock worth $418,000 after buying an additional 3,234 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Cadre in the 1st quarter valued at about $412,000. Federated Hermes Inc. acquired a new position in Cadre in the 1st quarter valued at about $60,000. Finally, Vanguard Group Inc. raised its stake in Cadre by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 263,921 shares of the company’s stock valued at $6,482,000 after purchasing an additional 1,346 shares during the last quarter. Institutional investors and hedge funds own 4.42% of the company’s stock.

NYSE CDRE opened at $27.26 on Wednesday. The firm has a 50 day simple moving average of $24.54 and a 200-day simple moving average of $22.66. Cadre has a one year low of $14.16 and a one year high of $27.85.

Cadre (NYSE:CDREGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.50). The firm had revenue of $104.41 million for the quarter, compared to analyst estimates of $102.17 million. During the same period last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. Equities research analysts anticipate that Cadre will post 0.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Monday, May 2nd were given a dividend of $0.08 per share. The ex-dividend date was Friday, April 29th. This represents a $0.32 annualized dividend and a dividend yield of 1.17%.

Cadre Company Profile (Get Rating)

Cadre Holdings, Inc manufactures and distributes safety and survivability equipment 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 primarily provides body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brands; 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 and law enforcement equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.

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Analyst Recommendations for Cadre (NYSE:CDRE)

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