Cardinal Infrastructure Group (NASDAQ:CDNL) Hits New 1-Year High – What’s Next?

Shares of Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) reached a new 52-week high on Thursday . The stock traded as high as $37.48 and last traded at $36.71, with a volume of 316254 shares. The stock had previously closed at $34.72.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings assumed coverage on Cardinal Infrastructure Group in a research report on Monday, March 9th. They issued a “sell (e)” rating for the company. Zacks Research raised shares of Cardinal Infrastructure Group from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. Stifel Nicolaus lifted their price target on shares of Cardinal Infrastructure Group from $31.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, DA Davidson boosted their price objective on shares of Cardinal Infrastructure Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

Cardinal Infrastructure Group Stock Up 5.7%

The stock’s 50-day simple moving average is $29.09.

Institutional Investors Weigh In On Cardinal Infrastructure Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC bought a new position in shares of Cardinal Infrastructure Group in the 4th quarter worth approximately $152,000. Zuckerman Investment Group LLC bought a new stake in Cardinal Infrastructure Group during the fourth quarter valued at approximately $242,000. XTX Topco Ltd purchased a new stake in Cardinal Infrastructure Group during the fourth quarter valued at approximately $242,000. Oxford Asset Management LLP purchased a new stake in Cardinal Infrastructure Group during the fourth quarter valued at approximately $355,000. Finally, HRT Financial LP bought a new position in Cardinal Infrastructure Group in the fourth quarter worth approximately $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.