Cardinal Infrastructure Group (NASDAQ:CDNL) Given New $63.00 Price Target at Stifel Nicolaus

Cardinal Infrastructure Group (NASDAQ:CDNL) had its target price hoisted by Stifel Nicolaus from $41.00 to $63.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the company. DA Davidson increased their price objective on Cardinal Infrastructure Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Weiss Ratings began coverage on Cardinal Infrastructure Group in a research report on Monday, March 9th. They set a “sell (e)” rating on the stock. Finally, Zacks Research cut Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $49.00.

Cardinal Infrastructure Group Stock Performance

NASDAQ:CDNL opened at $54.90 on Wednesday. The firm’s 50 day moving average price is $42.25. Cardinal Infrastructure Group has a 52 week low of $21.98 and a 52 week high of $63.18.

Cardinal Infrastructure Group (NASDAQ:CDNL) last posted its quarterly earnings results on Monday, March 23rd. The company reported $1.98 EPS for the quarter. The firm had revenue of $418.92 million for the quarter. As a group, equities analysts predict that Cardinal Infrastructure Group will post 1.64 earnings per share for the current fiscal year.

Insider Transactions at Cardinal Infrastructure Group

In related news, Director Ivy Zelman bought 6,921 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The shares were bought at an average price of $36.33 per share, for a total transaction of $251,439.93. Following the completion of the acquisition, the director owned 15,326 shares of the company’s stock, valued at $556,793.58. This trade represents a 82.34% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 61.70% of the company’s stock.

Institutional Investors Weigh In On Cardinal Infrastructure Group

Large investors have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Cardinal Infrastructure Group during the 1st quarter valued at about $87,000. Barclays PLC bought a new stake in shares of Cardinal Infrastructure Group during the 4th quarter valued at about $152,000. GatePass Capital LLC bought a new stake in shares of Cardinal Infrastructure Group during the 1st quarter valued at about $274,000. Zuckerman Investment Group LLC bought a new stake in shares of Cardinal Infrastructure Group during the 4th quarter valued at about $242,000. Finally, XTX Topco Ltd bought a new stake in shares of Cardinal Infrastructure Group during the 4th quarter valued at about $242,000.

Cardinal Infrastructure Group Company Profile

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment 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. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.