Cadre (NYSE:CDRE) Given New $40.00 Price Target at JPMorgan Chase & Co.

Cadre (NYSE:CDRE) had its price objective lifted by analysts at JPMorgan Chase & Co. from $35.00 to $40.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 22.24% from the stock’s previous close.

Several other brokerages have also weighed in on CDRE. DA Davidson increased their target price on Cadre from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a report on Monday, August 17th. Jefferies Financial Group restated a “buy” rating and set a $43.00 price target on shares of Cadre in a research report on Sunday, August 9th. UBS Group set a $43.00 price target on shares of Cadre in a research report on Monday, August 10th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $43.00 price objective (up from $40.00) on shares of Cadre in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Cadre has a consensus rating of “Moderate Buy” and an average target price of $44.17.

Cadre Stock Up 0.4%

Shares of Cadre stock opened at $32.72 on Friday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 1.09 and a beta of 1.29. Cadre has a twelve month low of $24.07 and a twelve month high of $48.76. The company has a current ratio of 2.35, a quick ratio of 1.51 and a debt-to-equity ratio of 0.95. The business’s 50 day simple moving average is $27.90 and its 200-day simple moving average is $32.08.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $202.88 million during the quarter, compared to analyst estimates of $190.67 million. Cadre had a return on equity of 13.26% and a net margin of 5.61%. Equities research analysts forecast that Cadre will post 1.33 earnings per share for the current year.

Insider Transactions at Cadre

In related news, CEO Warren Kanders sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $33.36, for a total value of $3,336,000.00. Following the sale, the chief executive officer directly owned 9,517,039 shares in the company, valued at $317,488,421.04. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 30.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Cadre in the second quarter worth $83,730,000. Reinhart Partners LLC. increased its holdings in shares of Cadre by 22.4% during the second quarter. Reinhart Partners LLC. now owns 2,738,373 shares of the company’s stock valued at $78,071,000 after purchasing an additional 500,476 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Cadre by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 767,073 shares of the company’s stock valued at $23,530,000 after purchasing an additional 60,382 shares during the period. Bank of America Corp DE bought a new stake in shares of Cadre during the second quarter valued at about $18,984,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Cadre by 14.3% during the third quarter. Russell Investments Group Ltd. now owns 263,421 shares of the company’s stock valued at $6,609,000 after purchasing an additional 32,865 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Company Profile

Cadre Holdings, Inc is a manufacturer and supplier of equipment used by law enforcement, military personnel, first responders and other public-safety professionals. The company develops products designed to protect personnel, support mission readiness and improve operational performance in demanding environments.

Cadre’s product portfolio includes body armor, tactical equipment, duty gear, holsters, helmets, protective apparel, restraints and related accessories. Its brands also provide equipment for explosive-ordnance disposal, emergency rescue and water-safety applications.