Cardinal Infrastructure Group Inc. (NASDAQ:CDNL – Get Free Report) CEO Jeremy Simmons Spivey purchased 83,350 shares of the company’s stock in a transaction on Friday, August 14th. The shares were bought 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 directly owned 83,350 shares of the company’s stock, valued at $3,201,473.50. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Cardinal Infrastructure Group Price Performance
Shares of NASDAQ:CDNL traded down $0.19 on Monday, hitting $39.23. The company had a trading volume of 635,236 shares, compared to its average volume of 520,471. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.32. Cardinal Infrastructure Group Inc. has a 52-week low of $21.98 and a 52-week high of $96.40. The business has a 50 day moving average of $68.61 and a 200 day moving average of $50.36. The company has a market cap of $1.68 billion and a PE ratio of 170.57.
Cardinal Infrastructure Group (NASDAQ:CDNL – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The company had revenue of $226.93 million during the quarter. As a group, equities analysts anticipate that Cardinal Infrastructure Group Inc. will post 1.82 earnings per share for the current fiscal year.
Institutional Trading of Cardinal Infrastructure Group
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CDNL. Zacks Research downgraded shares of Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. Stifel Nicolaus decreased their target price on shares of Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Oppenheimer lowered their target price on shares of 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. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.33.
Check Out Our Latest Analysis on Cardinal Infrastructure Group
About Cardinal Infrastructure Group
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.
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