Cardinal Infrastructure Group (NASDAQ:CDNL) Given New $10.00 Price Target at Truist Financial

Cardinal Infrastructure Group (NASDAQ:CDNL) had its price objective lowered by analysts at Truist Financial from $30.00 to $10.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial‘s price objective would indicate a potential upside of 49.28% from the company’s current price.

Other analysts have also issued research reports about the company. Stifel Nicolaus decreased their price objective on Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. William Blair cut Cardinal Infrastructure Group from an “outperform” rating to a “market perform” rating in a research report on Thursday. Zacks Research lowered Cardinal Infrastructure Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Weiss Ratings cut Cardinal Infrastructure Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd. Finally, Oppenheimer decreased their price target on shares of 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. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.75.

Cardinal Infrastructure Group Stock Up 18.8%

CDNL stock opened at $6.70 on Friday. Cardinal Infrastructure Group has a twelve month low of $5.22 and a twelve month high of $96.40. The company has a market cap of $318.00 million and a PE ratio of 11.80. The business’s 50-day simple moving average is $23.16 and its 200 day simple moving average is $42.82. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.32.

Cardinal Infrastructure Group (NASDAQ:CDNL) last issued its quarterly earnings results on Thursday, November 12th. The company reported ($0.21) earnings per share (EPS) 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 earnings per share for the current year.

Cardinal Infrastructure Group announced that its board has authorized a stock repurchase plan on Thursday, November 12th that authorizes the company to buy back $50 million in shares. This repurchase authorization authorizes the company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, Director Richard Bennett Wimmer bought 7,500 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of $39.13 per share, with a total value of $293,475.00. Following the acquisition, the director owned 29,349 shares in the company, valued at approximately $1,148,426.37. This represents a 34.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 61.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System bought a new position in shares of Cardinal Infrastructure Group during the first quarter valued at $28,000. Boston Partners increased its position in shares of Cardinal Infrastructure Group by 173.8% during the 3rd quarter. Boston Partners now owns 7,899 shares of the company’s stock worth $242,000 after purchasing an additional 5,014 shares in the last quarter. GatePass Capital LLC acquired a new stake in shares of Cardinal Infrastructure Group during the 1st quarter worth about $274,000. Kings Path Partners LLC acquired a new stake in shares of Cardinal Infrastructure Group during the 3rd quarter worth about $319,000. Finally, Bank of Nova Scotia bought a new position in Cardinal Infrastructure Group during the 1st quarter valued at about $366,000.

More Cardinal Infrastructure Group News

Investors following CDNL have been watching these news items:

• Positive Sentiment: The board authorized a $50 million share-repurchase plan, allowing Cardinal to buy back up to 7% of its shares. The authorization may signal management sees value in the stock, although it does not resolve the concerns raised by the results. Cardinal Infrastructure outlines $50M share repurchase in response to guidance withdrawal
• Negative Sentiment: Third-quarter earnings were a loss of $0.21 per share, missing the $0.49-per-share consensus estimate, despite revenue of $201.93 million. Reports also highlighted a sharp decline in margins, and the company withdrew its full-year 2026 forecast—leaving investors with less visibility on future results. Cardinal Infrastructure Group Inc. Reports Third Quarter 2026 Results
• Negative Sentiment: Several law firms announced investigations into possible securities-law violations following the results and guidance withdrawal. These are investigations and do not establish wrongdoing, but they add legal and reputational uncertainty for investors. Hagens Berman CDNL Investor Alert

Cardinal Infrastructure Group Company Profile

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.