Cardinal Infrastructure Group (NASDAQ:CDNL) Upgraded by Zacks Research to Strong-Buy Rating

Posted by Brian Himes on Jul 3rd, 2026

Zacks Research upgraded shares of Cardinal Infrastructure Group (NASDAQ:CDNL – Free Report) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Oppenheimer boosted their price objective on shares of Cardinal Infrastructure Group from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Weiss Ratings upgraded shares of Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Finally, Stifel Nicolaus increased their price objective on Cardinal Infrastructure Group from $41.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.33.

Read Our Latest Analysis on CDNL

Cardinal Infrastructure Group Trading Down 13.7%

NASDAQ:CDNL opened at $74.25 on Wednesday. The company’s fifty day simple moving average is $62.14. The firm has a market capitalization of $3.18 billion and a price-to-earnings ratio of 322.83. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.73. Cardinal Infrastructure Group has a 1-year low of $21.98 and a 1-year high of $96.40.

Cardinal Infrastructure Group (NASDAQ:CDNL – Get Free Report) last released its earnings results on Monday, March 23rd. The company reported $1.98 earnings per share for the quarter. The business had revenue of $418.92 million for the quarter. Equities analysts forecast that Cardinal Infrastructure Group will post 1.87 earnings per share for the current year.

Insider Activity at Cardinal Infrastructure Group

In related news, COO Benjamin Wood acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of $51.30 per share, with a total value of $1,026,000.00. Following the purchase, the chief operating officer owned 20,000 shares of the company’s stock, valued at approximately $1,026,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 61.70% of the company’s stock.

Hedge Funds Weigh In On Cardinal Infrastructure Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDNL. Bank of America Corp DE raised its position in shares of Cardinal Infrastructure Group by 139.4% in the first quarter. Bank of America Corp DE now owns 125,804 shares of the company’s stock valued at $4,989,000 after purchasing an additional 73,259 shares during the period. California State Teachers Retirement System acquired a new position in Cardinal Infrastructure Group in the 1st quarter valued at $28,000. Engle Capital Management L.P. raised its holdings in Cardinal Infrastructure Group by 142.7% in the 1st quarter. Engle Capital Management L.P. now owns 318,000 shares of the company’s stock worth $12,610,000 after acquiring an additional 187,000 shares during the period. Conversant Capital LLC acquired a new position in Cardinal Infrastructure Group during the 1st quarter worth $18,702,000. Finally, Granahan Investment Management LLC bought a new stake in Cardinal Infrastructure Group during the first quarter valued at about $3,270,000.

About Cardinal Infrastructure Group

(Get Free Report)

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.