Cadre Holdings: Strong Financial Performance and Strategic Growth Drive Buy Recommendation

Bank of America Securities analyst Ronald Epstein has maintained their bullish stance on CDRE stock, giving a Buy rating on April 24.

Ronald Epstein has given his Buy rating due to a combination of factors that highlight Cadre Holdings’ strong financial performance and strategic growth initiatives. The company reported first-quarter 2025 earnings per share of $0.23, significantly surpassing the consensus estimate of $0.13. This impressive performance was driven by robust sales of explosive ordnance device armor products, which contributed to an increase in operating margins to 10.4%, up by 173 basis points year-over-year.
Additionally, the strategic acquisition of Carr’s Engineering Limited and its U.S. subsidiaries has expanded Cadre’s nuclear portfolio, enhancing its growth prospects. As a result of these positive developments, Cadre has raised its full-year 2025 revenue and adjusted EBITDA outlook, indicating confidence in its future performance. With the stock currently priced at $29.61 and a price objective set at $45.00, Epstein sees significant upside potential, supporting his Buy recommendation.

In another report released on April 24, Lake Street also maintained a Buy rating on the stock with a $41.00 price target.

CDRE’s price has also changed moderately for the past six months – from $37.150 to $29.610, which is a -20.30% drop .