In a report released yesterday, Bert Subin from Stifel Nicolaus maintained a Hold rating on Cadre Holdings (CDRE – Research Report), with a price target of $29.00. The company’s shares closed yesterday at $33.07.
According to TipRanks, Subin is a 4-star analyst with an average return of 5.3% and a 59.60% success rate. Subin covers the Industrials sector, focusing on stocks such as KBR, AAR, and Boeing.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cadre Holdings with a $34.20 average price target.
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Based on Cadre Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $125.11 million and a net profit of $11.05 million. In comparison, last year the company earned a revenue of $111.55 million and had a net profit of $4.94 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CDRE in relation to earlier this year.
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Cadre Holdings (CDRE) Company Description:
Cadre Holdings Inc is engaged in the design and manufacture of a diversified product portfolio of critical safety and survivability equipment to protect first responders, federal agencies, outdoor recreation, and personal protection markets.
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