Oppenheimer Reiterates Buy Rating on Cardinal Infrastructure Group
Oppenheimer maintains its buy rating on Cardinal Infrastructure, setting a price target of $80.
Key Points
- Oppenheimer reiterated its buy rating on Cardinal Infrastructure Group Inc. (CDNL) with a price target of $80.
- Cardinal Infrastructure shares were trading around $70.18, with a 52-week range between $21.98 and $72.75.
- The company operates in the engineering and construction sector, with a market cap over $1.09 billion and a forward P/E of 30.65.
On June 15, 2026, Oppenheimer reiterated its buy rating on Cardinal Infrastructure Group Inc. (NasdaqGS:CDNL), maintaining a price target of $80. Analyst Brent Thielman highlighted the company's potential, as shares traded around $70.18.
Analysts Set New Price Targets
Oppenheimer's latest action on June 15, 2026, was to maintain its buy rating for Cardinal Infrastructure with a price target of $80. Just a few weeks earlier, on May 28, 2026, Oppenheimer had initiated coverage with a buy rating and a target of $60. Stifel also maintained a buy rating on May 13, 2026, with a target of $63. Overall, the consensus among analysts is a strong buy, with a mean target price of $61.50 based on two analyst opinions.
Cardinal Infrastructure Stock Snapshot
Shares of NasdaqGS:CDNL traded near $70.18. Cardinal Infrastructure Group Inc. has a market cap of approximately $1.09 billion. The company's P/E ratio stands at 51.01, with a forward P/E of 30.65, reflecting future earnings expectations. The stock has seen a 52-week low of $21.98 and a high of $72.75. Its 50-day moving average is $53.01, while the 200-day moving average is $38.05. The firm maintains a current ratio of 1.73 and a quick ratio of 1.71, with a debt-to-equity ratio of 86.94.
Recent Earnings
Cardinal Infrastructure reported revenues of $541.75 million, growing at a rate of 4.8%. The company achieved a net margin of 3.81% and a return on equity of 25.19%. With earnings per share of $1.40, the company is set to announce its next earnings on August 6, 2026.
About Cardinal Infrastructure Group Inc.
Cardinal Infrastructure Group Inc., based in Raleigh, North Carolina, is a civil contracting company that provides site development and infrastructure services. It serves residential, commercial, industrial, and municipal clients across the southeastern United States. The company's offerings include water, sewer, and stormwater system installations, grading, site clearing, and paving. Founded in 2013 and led by CEO Jeremy Spivey, Cardinal Infrastructure employs around 1,480 people.
Bottom Line
Oppenheimer's reiterated buy rating and $80 target on Cardinal Infrastructure signal confidence in the company's prospects. Investors keep a close eye on these ratings as they provide insights into potential stock performance. It's important to remember that these ratings and targets reflect analysts' views at a specific point in time.
See Also
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