Chicago Bridge & Iron (CBI) Getting Somewhat Favorable News Coverage, Accern Reports
Headlines about Chicago Bridge & Iron (NYSE:CBI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chicago Bridge & Iron earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 46.9464159939543 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Chicago Bridge & Iron Company NV (NYSE:CBI) – An Eye on Stock Value – Nasdaq Journal (press release) (nasdaqjournal.com)
- Lookout Technical Indicators on Chicago Bridge & Iron Company NV (CBI) – Wall Street Morning (wallstreetmorning.com)
- Options Traders Expect Huge Moves in Chicago Bridge & Iron (CBI) Stock (finance.yahoo.com)
- Chicago Bridge & Iron Company NV (NYSE:CBI) – Volatile Stock Characteristics – Nasdaq Journal (press release) (nasdaqjournal.com)
- Chicago Bridge & Iron (CBI) Lifted to “Sell” at ValuEngine (americanbankingnews.com)
Several equities analysts have recently commented on the stock. ValuEngine raised shares of Chicago Bridge & Iron from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Chicago Bridge & Iron from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Credit Suisse Group boosted their target price on shares of Chicago Bridge & Iron from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. UBS boosted their target price on shares of Chicago Bridge & Iron from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Finally, Jefferies Group set a $15.00 target price on shares of Chicago Bridge & Iron and gave the stock a “hold” rating in a report on Tuesday, October 31st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.79.
Shares of Chicago Bridge & Iron (NYSE:CBI) opened at $17.26 on Thursday. Chicago Bridge & Iron has a 12 month low of $9.55 and a 12 month high of $36.56.
Chicago Bridge & Iron (NYSE:CBI) last announced its earnings results on Monday, October 30th. The construction company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.19). Chicago Bridge & Iron had a negative net margin of 13.33% and a negative return on equity of 10.86%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the company posted $1.20 EPS. The company’s revenue was down 18.7% compared to the same quarter last year. equities research analysts expect that Chicago Bridge & Iron will post -1.98 earnings per share for the current year.
In other news, insider Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $16.04, for a total value of $120,300.00. Following the sale, the insider now owns 112,464 shares of the company’s stock, valued at $1,803,922.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 22,500 shares of company stock worth $357,525. Insiders own 1.10% of the company’s stock.
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About Chicago Bridge & Iron
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.
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