Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) Stock Has Average Target Price of $41.75

Shares of Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) have been assigned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $41.75.

A number of research firms have recently commented on CDNL. William Blair cut shares of Cardinal Infrastructure Group from an “outperform” rating to a “market perform” rating in a research report on Thursday. Truist Financial lowered their price target on shares of Cardinal Infrastructure Group from $30.00 to $10.00 and set a “buy” rating for the company in a report on Friday. Weiss Ratings downgraded shares of Cardinal Infrastructure Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Zacks Research lowered shares of Cardinal Infrastructure Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Finally, Stifel Nicolaus lowered their target price on Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th.

Cardinal Infrastructure Group Stock Up 14.5%

Cardinal Infrastructure Group stock traded up $0.82 during midday trading on Friday, hitting $6.46. 10,115,726 shares of the company were exchanged, compared to its average volume of 2,012,795. The company has a market cap of $306.66 million and a PE ratio of 11.75. Cardinal Infrastructure Group has a fifty-two week low of $5.22 and a fifty-two week high of $96.40. The company’s fifty day moving average price is $22.58 and its 200-day moving average price is $42.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.59 and a quick ratio of 3.59.

Cardinal Infrastructure Group (NASDAQ:CDNL) last issued its quarterly earnings data on Thursday, November 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.70). The business had revenue of $201.93 million for the quarter. On average, research analysts predict that Cardinal Infrastructure Group will post 1.76 EPS for the current fiscal year.

Cardinal Infrastructure Group declared that its board has approved a stock buyback program on Thursday, November 12th that allows the company to buy back $50 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 7% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Trending Headlines about Cardinal Infrastructure Group

Here are a few of the latest headlines about CDNL:

• Positive Sentiment: The board authorized a $50 million share buyback, allowing purchases of up to 7% of the company’s shares. Repurchases could support the stock, although the announcement came as Cardinal withdrew its guidance. Cardinal Infrastructure outlines $50M share repurchase
• Neutral Sentiment: Truist kept a “buy” rating but cut its price target from $30 to $10, reflecting a much lower valuation while still implying potential upside from the reported share price. Options implied volatility has also surged, signaling elevated uncertainty rather than a clear direction for the stock.
• Negative Sentiment: William Blair downgraded CDNL from “outperform” to “market perform.” Investors are also facing securities-law investigations. One notice cites the company’s earlier disclosure of ineffective controls over construction-contract estimates and subsequent project-cost revisions; the investigations are allegations, not findings of wrongdoing. Investigation notice

Insider Buying and Selling

In other Cardinal Infrastructure Group news, Director Richard Bennett Wimmer purchased 7,500 shares of Cardinal Infrastructure Group stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average price of $39.13 per share, with a total value of $293,475.00. Following the completion of the acquisition, the director owned 29,349 shares of the company’s stock, valued at approximately $1,148,426.37. This trade represents a 34.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 61.70% of the company’s stock.

Institutional Trading of Cardinal Infrastructure Group

A number of hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP raised its holdings in Cardinal Infrastructure Group by 410.2% in the third quarter. Marshall Wace LLP now owns 20,489 shares of the company’s stock valued at $627,000 after acquiring an additional 16,473 shares in the last quarter. First Trust Advisors LP grew its holdings in Cardinal Infrastructure Group by 8,249.5% during the 3rd quarter. First Trust Advisors LP now owns 1,363,732 shares of the company’s stock worth $41,730,000 after acquiring an additional 1,347,399 shares in the last quarter. Boston Partners grew its holdings in Cardinal Infrastructure Group by 173.8% during the 3rd quarter. Boston Partners now owns 7,899 shares of the company’s stock worth $242,000 after acquiring an additional 5,014 shares in the last quarter. GatePass Capital LLC grew its holdings in Cardinal Infrastructure Group by 182.7% during the 3rd quarter. GatePass Capital LLC now owns 19,568 shares of the company’s stock worth $599,000 after acquiring an additional 12,647 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Cardinal Infrastructure Group by 81.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 180,627 shares of the company’s stock worth $5,527,000 after purchasing an additional 81,031 shares during the last quarter.

Cardinal Infrastructure Group Company Profile

Cardinal Infrastructure Group is a vertically integrated civil infrastructure and site development platform serving residential, commercial, industrial and municipal projects. CDNL delivers its suite of comprehensive infrastructure services that support the planning, preparation, installation, and development of residential, commercial, industrial, municipal, and state infrastructure projects through wholly owned, market leading subsidiaries. Cardinal’s operations leverage in-house, highly skilled teams and equipment fleets to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services.