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

Shares of Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $46.75.

A number of research firms have weighed in on CDNL. Stifel Nicolaus lowered their target price 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. Truist Financial set a $30.00 price target on shares of Cardinal Infrastructure Group in a research report on Monday. Zacks Research lowered shares of Cardinal Infrastructure Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Weiss Ratings cut shares of Cardinal Infrastructure Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Finally, Oppenheimer dropped their price objective on shares of Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, August 12th.

Cardinal Infrastructure Group Price Performance

NASDAQ CDNL opened at $15.87 on Tuesday. The stock has a market capitalization of $753.35 million and a price-to-earnings ratio of 28.85. Cardinal Infrastructure Group has a 1-year low of $14.09 and a 1-year high of $96.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.59 and a quick ratio of 3.59. The business’s fifty day moving average price is $32.25 and its 200-day moving average price is $50.89.

Cardinal Infrastructure Group (NASDAQ:CDNL) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company had revenue of $226.93 million during the quarter. On average, equities analysts predict that Cardinal Infrastructure Group will post 1.76 earnings per share for the current year.

Insider Buying and Selling at Cardinal Infrastructure Group

In other Cardinal Infrastructure Group news, Director Richard Bennett Wimmer purchased 7,500 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were acquired at an average price of $39.13 per share, for a total transaction of $293,475.00. Following the purchase, the director directly owned 29,349 shares of the company’s stock, valued at $1,148,426.37. The trade was a 34.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeremy Spivey acquired 83,350 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of $38.41 per share, with a total value of $3,201,473.50. Following the transaction, the chief executive officer owned 83,350 shares in the company, valued at approximately $3,201,473.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 214,597 shares of company stock valued at $8,285,516 in the last quarter. Insiders own 61.70% of the company’s stock.

Hedge Funds Weigh In On Cardinal Infrastructure Group

A number of institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP lifted its position in Cardinal Infrastructure Group by 1.3% during the first quarter. Wasatch Advisors LP now owns 693,050 shares of the company’s stock valued at $27,483,000 after purchasing an additional 9,064 shares in the last quarter. Emerald Advisers LLC increased its position in Cardinal Infrastructure Group by 12.7% in the first quarter. Emerald Advisers LLC now owns 578,600 shares of the company’s stock worth $22,944,000 after buying an additional 65,245 shares in the last quarter. Conversant Capital LLC bought a new position in shares of Cardinal Infrastructure Group in the first quarter worth about $18,702,000. Principal Financial Group Inc. raised 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 worth $16,983,000 after buying an additional 284,918 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its position in shares of Cardinal Infrastructure Group by 19.7% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 359,063 shares of the company’s stock valued at $14,239,000 after buying an additional 59,068 shares in the last quarter.

Cardinal Infrastructure Group Company Profile

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.