Chicago Bridge & Iron (NYSE:CBI) was downgraded by MKM Partners from a “buy” rating to a “neutral” rating in a report issued on Wednesday.

CBI has been the subject of several other reports. Credit Suisse Group upped their price objective on Chicago Bridge & Iron from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating and issued a $10.00 target price on shares of Chicago Bridge & Iron in a report on Sunday, October 22nd. ValuEngine raised shares of Chicago Bridge & Iron from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Vertical Research reaffirmed a “buy” rating and issued a $20.00 target price on shares of Chicago Bridge & Iron in a report on Thursday, September 14th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $20.00 target price (up previously from $16.00) on shares of Chicago Bridge & Iron in a report on Tuesday, October 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $19.43.

Chicago Bridge & Iron (CBI) traded up $0.94 during trading hours on Wednesday, hitting $17.94. The stock had a trading volume of 6,152,500 shares, compared to its average volume of 4,118,733. The stock has a market cap of $1,820.00, a price-to-earnings ratio of -1.86, a price-to-earnings-growth ratio of 0.99 and a beta of 2.22. Chicago Bridge & Iron has a 52-week low of $9.55 and a 52-week high of $36.15.

Chicago Bridge & Iron (NYSE:CBI) last posted its quarterly earnings data on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.19). The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Chicago Bridge & Iron had a negative return on equity of 10.86% and a negative net margin of 13.33%. The company’s revenue for the quarter was down 18.7% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. equities research analysts expect that Chicago Bridge & Iron will post -1.98 EPS for the current year.

In other Chicago Bridge & Iron news, insider Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $15.34, for a total transaction of $115,050.00. Following the completion of the transaction, the insider now owns 97,464 shares of the company’s stock, valued at approximately $1,495,097.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 22,500 shares of company stock valued at $357,750 in the last three months. Insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Chicago Bridge & Iron by 51.9% during the 2nd quarter. BlackRock Inc. now owns 6,340,731 shares of the construction company’s stock valued at $125,104,000 after purchasing an additional 2,165,509 shares during the last quarter. State Street Corp boosted its holdings in shares of Chicago Bridge & Iron by 181.4% during the 2nd quarter. State Street Corp now owns 4,059,198 shares of the construction company’s stock valued at $80,086,000 after purchasing an additional 2,616,783 shares during the last quarter. Fairpointe Capital LLC boosted its holdings in shares of Chicago Bridge & Iron by 41.9% during the 2nd quarter. Fairpointe Capital LLC now owns 4,048,371 shares of the construction company’s stock valued at $79,875,000 after purchasing an additional 1,196,110 shares during the last quarter. Towle & Co. boosted its holdings in shares of Chicago Bridge & Iron by 20.8% during the 3rd quarter. Towle & Co. now owns 1,892,897 shares of the construction company’s stock valued at $31,801,000 after purchasing an additional 326,478 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its holdings in shares of Chicago Bridge & Iron by 20.1% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 1,581,068 shares of the construction company’s stock valued at $31,195,000 after purchasing an additional 264,419 shares during the last quarter. 70.68% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Chicago Bridge & Iron (NYSE:CBI)

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