Cardinal Infrastructure Group Inc. (CDNL) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst views are mixed: Seven firms give Cardinal Infrastructure an average “Hold” rating, with four buys, one hold and two sells. The average one-year price target is $41.75, though several firms recently cut targets and William Blair downgraded the stock.
• Quarterly results missed expectations sharply: Cardinal reported a $0.21-per-share loss versus analysts’ expected $0.49 profit, on revenue of $201.93 million. The article also cites withdrawn full-year guidance amid project-cost revisions and margin pressure.
• The company authorized a buyback: Its board approved repurchases of up to $50 million, or about 7% of outstanding shares. CDNL traded at $6.46 in the reported session, after a 14.5% rise, and has ranged from $5.22 to $96.40 over the past year.

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL - Get Free Report) has been assigned an average recommendation of "Hold" from the seven research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $41.75.

Several equities research analysts have commented on the company. William Blair lowered Cardinal Infrastructure Group from an "outperform" rating to a "market perform" rating in a research note on Thursday. Stifel Nicolaus reduced their price objective on Cardinal Infrastructure Group from $63.00 to $52.00 and set a "buy" rating on the stock in a research note on Wednesday, August 12th. Oppenheimer reduced their price objective on Cardinal Infrastructure Group from $80.00 to $70.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 12th. Truist Financial decreased their target price on Cardinal Infrastructure Group from $30.00 to $10.00 and set a "buy" rating for the company in a report on Friday. Finally, Zacks Research downgraded shares of Cardinal Infrastructure Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 15th.

Cardinal Infrastructure Group Trading Up 14.5%

Shares of CDNL stock traded up $0.82 on Friday, reaching $6.46. 10,115,726 shares of the stock were exchanged, compared to its average volume of 2,012,795. The stock has a market cap of $306.66 million and a P/E ratio of 11.75. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $22.58 and a two-hundred day moving average of $42.72. Cardinal Infrastructure Group has a 1-year low of $5.22 and a 1-year high of $96.40.

Cardinal Infrastructure Group (NASDAQ:CDNL - Get Free Report) last issued its earnings results on Thursday, November 12th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.70). The company had revenue of $201.93 million during the quarter. On average, research analysts anticipate that Cardinal Infrastructure Group will post 1.76 EPS for the current year.

Cardinal Infrastructure Group declared that its board has approved a stock buyback plan on Thursday, November 12th that allows the company to buy back $50 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 7% of its shares through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Cardinal Infrastructure Group news, Director Richard Bennett Wimmer purchased 7,500 shares of Cardinal Infrastructure Group stock in a transaction on Monday, August 17th. The shares were purchased at an average cost of $39.13 per share, with a total value of $293,475.00. Following the completion of the transaction, the director directly owned 29,349 shares in the company, valued at approximately $1,148,426.37. This represents a 34.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 61.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cardinal Infrastructure Group

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System acquired a new position in shares of Cardinal Infrastructure Group during the 1st quarter valued at $28,000. GatePass Capital LLC acquired a new stake in Cardinal Infrastructure Group in the 1st quarter valued at $274,000. Boston Partners increased its holdings in Cardinal Infrastructure Group by 173.8% in the 3rd quarter. Boston Partners now owns 7,899 shares of the company's stock valued at $242,000 after purchasing an additional 5,014 shares in the last quarter. Bank of Nova Scotia purchased a new position in Cardinal Infrastructure Group in the first quarter valued at about $366,000. Finally, Kings Path Partners LLC purchased a new position in Cardinal Infrastructure Group in the third quarter valued at about $319,000.

Key Cardinal Infrastructure Group News

Investors following CDNL have been watching these news items:

• Neutral Sentiment: Truist kept a “buy” rating but cut its price target from $30 to $10, reflecting a much lower valuation while still implying potential upside from the reported share price. Options implied volatility has also surged, signaling elevated uncertainty rather than a clear direction for the stock.
• Negative Sentiment: Third-quarter results sharply missed expectations: Cardinal reported a $0.21 loss per share versus the expected $0.49 profit. Revenue was $201.93 million, but project-cost revisions and a severe margin decline contributed to an approximately $11 million net loss. The company also withdrew its full-year 2026 guidance; reports additionally noted the CFO’s departure. Third-quarter 2026 results
• Negative Sentiment: William Blair downgraded CDNL from “outperform” to “market perform.” Investors are also facing securities-law investigations. One notice cites the company’s earlier disclosure of ineffective controls over construction-contract estimates and subsequent project-cost revisions; the investigations are allegations, not findings of wrongdoing. Investigation notice

About Cardinal Infrastructure Group

Cardinal Infrastructure Group is a vertically integrated civil infrastructure and site development platform serving residential, commercial, industrial and municipal projects. CDNL delivers its suite of comprehensive infrastructure services that support the planning, preparation, installation, and development of residential, commercial, industrial, municipal, and state infrastructure projects through wholly owned, market leading subsidiaries. Cardinal's operations leverage in-house, highly skilled teams and equipment fleets 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.

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