Chicago Bridge & Iron Company N.V. (NYSE:CBI) had its target price increased by Credit Suisse Group from $13.00 to $15.00 in a research report issued on Friday. The firm presently has a “neutral” rating on the construction company’s stock. Credit Suisse Group’s price target would suggest a potential downside of 6.02% from the company’s previous close.

A number of other research firms also recently commented on CBI. KeyCorp reaffirmed a “hold” rating on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, September 22nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $20.00 price objective (up previously from $16.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, October 24th. BidaskClub downgraded shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. MKM Partners reaffirmed a “buy” rating and set a $21.00 price objective (up previously from $17.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, October 4th. Finally, Bank of America Corporation started coverage on shares of Chicago Bridge & Iron Company N.V. in a research note on Monday, August 7th. They set an “underperform” rating and a $14.00 price objective for the company. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.79.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded up $1.33 during midday trading on Friday, hitting $15.96. 4,417,412 shares of the stock were exchanged, compared to its average volume of 2,833,775. Chicago Bridge & Iron Company N.V. has a one year low of $9.55 and a one year high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings data on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.19). Chicago Bridge & Iron Company N.V. had a negative net margin of 13.33% and a negative return on equity of 10.86%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $1.20 EPS. The company’s revenue was down 18.7% compared to the same quarter last year. sell-side analysts forecast that Chicago Bridge & Iron Company N.V. will post -1.91 earnings per share for the current year.

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In other Chicago Bridge & Iron Company N.V. news, EVP Daniel M. Mccarthy sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $16.29, for a total value of $122,175.00. Following the completion of the transaction, the executive vice president now owns 104,964 shares in the company, valued at approximately $1,709,863.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. purchased a new position in Chicago Bridge & Iron Company N.V. in the 3rd quarter worth approximately $646,000. Wedbush Securities Inc. purchased a new position in Chicago Bridge & Iron Company N.V. in the 3rd quarter worth approximately $196,000. Tocqueville Asset Management L.P. purchased a new position in Chicago Bridge & Iron Company N.V. in the 3rd quarter worth approximately $2,026,000. IFP Advisors Inc boosted its holdings in Chicago Bridge & Iron Company N.V. by 46.0% in the 3rd quarter. IFP Advisors Inc now owns 25,366 shares of the construction company’s stock worth $426,000 after acquiring an additional 7,994 shares during the period. Finally, Traynor Capital Management Inc. purchased a new position in Chicago Bridge & Iron Company N.V. in the 3rd quarter worth approximately $222,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Chicago Bridge & Iron Company N.V. Company Profile

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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