Cardinal Infrastructure Group (NASDAQ:CDNL) Receives Buy Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Cardinal Infrastructure Group (NASDAQ:CDNL) in a research report released on Monday,Benzinga reports. They currently have a $41.00 price target on the stock, up from their previous price target of $38.00.

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

Cardinal Infrastructure Group Stock Performance

Cardinal Infrastructure Group stock opened at $37.35 on Monday. Cardinal Infrastructure Group has a 12-month low of $21.98 and a 12-month high of $38.84. The company’s fifty day moving average is $29.70.

Insider Buying and Selling at Cardinal Infrastructure Group

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

Hedge Funds Weigh In On Cardinal Infrastructure Group

Large investors have recently added to or reduced their stakes in the business. Barclays PLC acquired a new position in Cardinal Infrastructure Group during the 4th quarter valued at about $152,000. Zuckerman Investment Group LLC purchased a new stake in shares of Cardinal Infrastructure Group in the fourth quarter worth approximately $242,000. XTX Topco Ltd bought a new position in shares of Cardinal Infrastructure Group in the fourth quarter valued at approximately $242,000. Oxford Asset Management LLP bought a new position in shares of Cardinal Infrastructure Group in the fourth quarter valued at approximately $355,000. Finally, HRT Financial LP purchased a new position in shares of Cardinal Infrastructure Group during the fourth quarter valued at 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.