Cardinal Infrastructure Group’s (CDNL) Buy Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Cardinal Infrastructure Group (NASDAQ:CDNL) in a report released on Monday,Benzinga reports. The brokerage currently has a $41.00 price target on the stock, up from their prior price target of $38.00.

A number of other research firms also recently issued reports on CDNL. Zacks Research upgraded shares of Cardinal Infrastructure Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. Weiss Ratings started coverage on shares of Cardinal Infrastructure Group in a research note on Monday, March 9th. They issued a “sell (e)” rating for the company. Finally, DA Davidson upped their target price on Cardinal Infrastructure Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cardinal Infrastructure Group has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Cardinal Infrastructure Group Trading Up 3.2%

NASDAQ CDNL opened at $40.91 on Monday. Cardinal Infrastructure Group has a one year low of $21.98 and a one year high of $41.18. The firm’s 50-day simple moving average is $30.24.

Insider Transactions at Cardinal Infrastructure Group

In other Cardinal Infrastructure Group news, Director Ivy Zelman purchased 6,921 shares of the firm’s stock in a transaction on Thursday, March 26th. The stock was bought at an average cost of $36.33 per share, for a total transaction of $251,439.93. Following the completion of the purchase, the director owned 15,326 shares in the company, valued at $556,793.58. This represents a 82.34% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Cardinal Infrastructure Group

Hedge funds have recently modified their holdings of the stock. Barclays PLC acquired a new stake in Cardinal Infrastructure Group in the 4th quarter worth approximately $152,000. XTX Topco Ltd purchased a new stake in Cardinal Infrastructure Group during the 4th quarter worth approximately $242,000. Zuckerman Investment Group LLC acquired a new position in Cardinal Infrastructure Group during the 4th quarter valued at approximately $242,000. Oxford Asset Management LLP acquired a new position in Cardinal Infrastructure Group during the 4th quarter valued at approximately $355,000. Finally, HRT Financial LP purchased a new position in shares of Cardinal Infrastructure Group in the fourth quarter worth $586,000.

Cardinal Infrastructure Group Company Profile

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.