Cardinal Infrastructure Group (NASDAQ:CDNL) Price Target Cut to $10.00 by Analysts at Truist Financial

Cardinal Infrastructure Group (NASDAQ:CDNL) had its price target trimmed by Truist Financial from $30.00 to $10.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on CDNL. Oppenheimer dropped their target price on Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings cut shares of Cardinal Infrastructure Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd. Stifel Nicolaus lowered their price objective on shares of Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Zacks Research lowered shares of Cardinal Infrastructure Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Finally, William Blair cut shares of Cardinal Infrastructure Group from an “outperform” rating to a “market perform” rating in a report on Thursday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.75.

Cardinal Infrastructure Group Stock Up 14.5%

Shares of NASDAQ CDNL opened at $6.46 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 quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $22.58 and a 200-day simple moving average of $42.72.

Cardinal Infrastructure Group (NASDAQ:CDNL) last posted its quarterly earnings data 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. As a group, sell-side analysts expect that Cardinal Infrastructure Group will post 1.76 earnings per share for the current year.

Cardinal Infrastructure Group declared that its Board of Directors has initiated a share repurchase program on Thursday, November 12th that permits the company to repurchase $50 million in outstanding shares. This repurchase authorization permits the company to purchase up to 7% of its shares through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Richard Bennett Wimmer acquired 7,500 shares of the company’s stock in a transaction on Monday, August 17th. The shares were bought at an average cost of $39.13 per share, with a total value of $293,475.00. Following the transaction, the director owned 29,349 shares in the company, valued at approximately $1,148,426.37. This trade represents a 34.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 61.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cardinal Infrastructure Group

Institutional investors have recently modified their holdings of the company. First Trust Advisors LP grew its stake in shares of Cardinal Infrastructure Group by 8,249.5% during the third quarter. First Trust Advisors LP now owns 1,363,732 shares of the company’s stock worth $41,730,000 after purchasing an additional 1,347,399 shares in the last quarter. Conversant Capital LLC purchased a new position in Cardinal Infrastructure Group in the first quarter valued at $18,702,000. Principal Financial Group Inc. increased its holdings in Cardinal Infrastructure Group by 198.8% in the first quarter. Principal Financial Group Inc. now owns 428,263 shares of the company’s stock valued at $16,983,000 after buying an additional 284,918 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Cardinal Infrastructure Group in the second quarter valued at $14,687,000. Finally, Engle Capital Management L.P. raised its stake in Cardinal Infrastructure Group by 142.7% in the first quarter. Engle Capital Management L.P. now owns 318,000 shares of the company’s stock valued at $12,610,000 after buying an additional 187,000 shares in the last quarter.

Recent Cardinal Infrastructure Group Headlines

Investors following CDNL have been watching these headlines:

• Positive Sentiment: The board authorized a $50 million share buyback, allowing purchases of up to 7% of the company’s shares. Repurchases could support the stock, although the announcement came as Cardinal withdrew its guidance. Cardinal Infrastructure outlines $50M share repurchase
• 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

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.