Cardinal Infrastructure Group (NASDAQ:CDNL) Raised to “Strong-Buy” at Zacks Research

Posted by Brenda Bartman on Jul 3rd, 2026

Cardinal Infrastructure Group (NASDAQ:CDNL – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on CDNL. 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. Oppenheimer upped their price target on Cardinal Infrastructure Group from $60.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Finally, Stifel Nicolaus increased their price objective on Cardinal Infrastructure Group from $41.00 to $63.00 and gave the company a “buy” rating in a research 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.33.

Check Out Our Latest Research Report on CDNL

Cardinal Infrastructure Group Trading Down 13.7%

Shares of NASDAQ CDNL opened at $74.25 on Wednesday. Cardinal Infrastructure Group has a twelve month low of $21.98 and a twelve month high of $96.40. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.18 billion and a P/E ratio of 322.83. The firm has a 50-day simple moving average of $62.14.

Cardinal Infrastructure Group (NASDAQ:CDNL – Get Free Report) last posted its quarterly earnings data 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. As a group, research analysts predict that Cardinal Infrastructure Group will post 1.87 earnings per share for the current year.

Insider Transactions at Cardinal Infrastructure Group

In related news, COO Benjamin Wood acquired 20,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $51.30 per share, for a total transaction of $1,026,000.00. Following the acquisition, the chief operating officer owned 20,000 shares in the company, valued at approximately $1,026,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 61.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CDNL. California State Teachers Retirement System acquired a new stake in shares of Cardinal Infrastructure Group during the first quarter valued at approximately $28,000. Strs Ohio acquired a new position in Cardinal Infrastructure Group in the 1st quarter worth approximately $87,000. Barclays PLC purchased a new position in Cardinal Infrastructure Group during the 4th quarter worth approximately $152,000. GatePass Capital LLC purchased a new position in Cardinal Infrastructure Group during the 1st quarter worth approximately $274,000. Finally, Wasatch Advisors LP raised its stake in Cardinal Infrastructure Group by 1.3% during the 1st 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 during the period.

Cardinal Infrastructure Group Company Profile

(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.