Brokerages Set Chicago Bridge & Iron Company N.V. (CBI) Target Price at $27.84

Chicago Bridge & Iron Company N.V. (NYSE:CBI) has been given an average recommendation of “Hold” by the twenty ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $27.63.

Several analysts recently commented on CBI shares. Credit Suisse Group cut shares of Chicago Bridge & Iron Company N.V. from an “outperform” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Monday, July 24th. Robert W. Baird set a $15.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Thursday, June 22nd. Wells Fargo & Company upgraded shares of Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a report on Wednesday, June 28th. Bank of America Corporation assumed coverage on shares of Chicago Bridge & Iron Company N.V. in a report on Monday. They set an “underperform” rating and a $14.00 target price for the company. Finally, MKM Partners restated a “buy” rating and set a $34.00 target price (down from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, May 19th.

Chicago Bridge & Iron Company N.V. (NYSE CBI) traded down 0.49% during mid-day trading on Friday, hitting $16.33. 4,905,587 shares of the stock were exchanged. Chicago Bridge & Iron Company N.V. has a one year low of $12.91 and a one year high of $36.56. The company has a 50-day moving average price of $17.37 and a 200-day moving average price of $25.88. The company’s market cap is $1.65 billion.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings data on Wednesday, August 9th. The construction company reported ($3.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $3.82. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business earned $1.17 EPS. The firm’s revenue for the quarter was down 40.6% on a year-over-year basis. Analysts forecast that Chicago Bridge & Iron Company N.V. will post $2.85 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Chicago Bridge & Iron Company N.V. by 832.8% in the first quarter. FMR LLC now owns 5,253,638 shares of the construction company’s stock worth $161,550,000 after buying an additional 4,690,447 shares during the last quarter. BlackRock Inc. increased its stake in Chicago Bridge & Iron Company N.V. by 3,280.3% in the first quarter. BlackRock Inc. now owns 4,175,222 shares of the construction company’s stock worth $128,389,000 after buying an additional 4,051,706 shares during the last quarter. Beck Mack & Oliver LLC increased its stake in Chicago Bridge & Iron Company N.V. by 364.0% in the second quarter. Beck Mack & Oliver LLC now owns 2,617,131 shares of the construction company’s stock worth $51,636,000 after buying an additional 2,053,099 shares during the last quarter. First Trust Advisors LP increased its stake in Chicago Bridge & Iron Company N.V. by 9,464.8% in the first quarter. First Trust Advisors LP now owns 942,798 shares of the construction company’s stock worth $28,991,000 after buying an additional 932,941 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Chicago Bridge & Iron Company N.V. by 80.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,767,093 shares of the construction company’s stock worth $54,337,000 after buying an additional 787,219 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

About Chicago Bridge & Iron Company N.V.

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

Analyst Recommendations for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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