Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $49.25.

A number of research analysts have issued reports on CDNL shares. Truist Financial initiated coverage on Cardinal Infrastructure Group in a research note on Friday, September 25th. They issued a “buy” rating and a $40.00 target price for the company. Stifel Nicolaus cut their price objective on Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Weiss Ratings upgraded Cardinal Infrastructure Group from a “sell (e+)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Oppenheimer lowered their target price on Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, August 12th. Finally, Zacks Research downgraded shares of Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th.

Cardinal Infrastructure Group Trading Down 2.8%

CDNL opened at $29.74 on Friday. The firm’s fifty day moving average is $41.94 and its two-hundred day moving average is $51.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market cap of $1.41 billion and a PE ratio of 54.07. Cardinal Infrastructure Group has a twelve month low of $21.98 and a twelve month high of $96.40.

Cardinal Infrastructure Group (NASDAQ:CDNL) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). The firm had revenue of $226.93 million for the quarter. Equities research analysts anticipate that Cardinal Infrastructure Group will post 1.85 EPS for the current year.

Key Headlines Impacting Cardinal Infrastructure Group

Here are the key news stories impacting Cardinal Infrastructure Group this week:

• Positive Sentiment: Cardinal completed its acquisition of Allied Paving Contractors, expanding its infrastructure and paving operations in Georgia. The transaction supports the company’s strategy of growing through acquisitions, though financial terms and the expected earnings contribution were not disclosed. Cardinal Infrastructure Group Announces Closing of Allied Paving Contractors Acquisition
• Positive Sentiment: An investor letter characterized Cardinal’s execution of its consolidation strategy as disciplined and said the company has an attractive revenue runway. This provides a favorable long-term view, but it is an outside investor opinion rather than new company guidance. Cardinal Infrastructure Group Disciplined Execution on Consolidation Strategy
• Neutral Sentiment: Wall Street analysts have reportedly maintained a “Moderate Buy” consensus, indicating continued longer-term support despite the recent volatility. Cardinal Infrastructure Group Stock Rated Moderate Buy
• Negative Sentiment: Robbins Geller Rudman & Dowd launched an investigation into potential federal securities-law violations and is seeking investors and witnesses. The announcement adds legal and reputational risk to CDNL. Robbins Geller CDNL Investigation
• Negative Sentiment: Hagens Berman also announced an investigation, focusing on whether Cardinal misled investors about its operations and business prospects following the post-offering stock plunge. The allegations are not proven, but multiple investigations can pressure the shares and increase potential litigation costs. Hagens Berman CDNL Investigation
• Negative Sentiment: Bleichmar Fonti & Auld separately reminded investors of an ongoing securities-fraud investigation after CDNL’s significant decline, reinforcing the negative legal-news overhang. BFA Law CDNL Investigation Notification

Insiders Place Their Bets

In other Cardinal Infrastructure Group news, Director Ivy Zelman purchased 12,647 shares of the business’s stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $39.61 per share, with a total value of $500,947.67. Following the transaction, the director directly owned 32,891 shares of the company’s stock, valued at $1,302,812.51. This represents a 62.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Benjamin Wood bought 25,700 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $39.48 per share, for a total transaction of $1,014,636.00. Following the acquisition, the chief operating officer directly owned 45,700 shares of the company’s stock, valued at $1,804,236. This represents a 128.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 214,597 shares of company stock valued at $8,285,516 over the last 90 days. 61.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CDNL. Wasatch Advisors LP boosted its position in shares of Cardinal Infrastructure Group by 1.3% in the first quarter. Wasatch Advisors LP now owns 693,050 shares of the company’s stock valued at $27,483,000 after acquiring an additional 9,064 shares during the period. Emerald Advisers LLC boosted its holdings in Cardinal Infrastructure Group by 12.7% in the 1st quarter. Emerald Advisers LLC now owns 578,600 shares of the company’s stock valued at $22,944,000 after purchasing an additional 65,245 shares during the period. Conversant Capital LLC acquired a new position in shares of Cardinal Infrastructure Group during the 1st quarter worth approximately $18,702,000. Principal Financial Group Inc. boosted its stake in shares of Cardinal Infrastructure Group by 198.8% in the first quarter. Principal Financial Group Inc. now owns 428,263 shares of the company’s stock valued at $16,983,000 after buying an additional 284,918 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in Cardinal Infrastructure Group during the second quarter worth approximately $14,687,000.

About Cardinal Infrastructure Group

Cardinal Infrastructure Group, Inc (NASDAQ: CDNL) is an infrastructure services company serving customers in the telecommunications and utility industries. The company focuses on the development, construction, installation and maintenance of infrastructure used to support communications networks and essential utility systems.

Its service offerings are centered on communications and utility infrastructure projects, including work associated with fiber-optic and other network deployments.