Chicago Bridge & Iron Company N.V. (NYSE:CBI)‘s stock had its “buy” rating reiterated by stock analysts at MKM Partners in a research note issued to investors on Wednesday. They presently have a $21.00 price objective on the construction company’s stock, up from their previous price objective of $17.00. MKM Partners’ price target suggests a potential upside of 28.99% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. KeyCorp reaffirmed a “hold” rating on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, September 22nd. BidaskClub raised Chicago Bridge & Iron Company N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $20.00 price target (down previously from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Tuesday, July 18th. Robert W. Baird set a $10.00 price target on Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Thursday, August 10th. Finally, Wells Fargo & Company raised Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a report on Wednesday, June 28th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Chicago Bridge & Iron Company N.V. presently has an average rating of “Hold” and an average price target of $20.19.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded up 0.31% during trading on Wednesday, hitting $16.33. The stock had a trading volume of 442,416 shares. The firm’s market cap is $1.65 billion. The firm’s 50-day moving average is $14.13 and its 200 day moving average is $19.91. Chicago Bridge & Iron Company N.V. has a 52-week low of $9.55 and a 52-week high of $36.56. Chicago Bridge & Iron Company N.V. also was the recipient of some unusual options trading on Wednesday. Traders bought 896 call options on the stock. This is an increase of approximately 197% compared to the average daily volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the consensus estimate of $0.85 by ($3.81). Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the business posted $1.17 EPS. Chicago Bridge & Iron Company N.V.’s revenue for the quarter was down 40.6% compared to the same quarter last year. On average, analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current year.

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In other Chicago Bridge & Iron Company N.V. news, insider Daniel M. Mccarthy sold 7,500 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $16.04, for a total transaction of $120,300.00. Following the completion of the sale, the insider now owns 112,464 shares of the company’s stock, valued at $1,803,922.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its position in shares of Chicago Bridge & Iron Company N.V. by 8.5% during the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after buying an additional 300 shares during the period. Hanson & Doremus Investment Management boosted its position in shares of Chicago Bridge & Iron Company N.V. by 14.8% during the second quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock worth $100,000 after buying an additional 650 shares during the period. Chicago Partners Investment Group LLC boosted its position in shares of Chicago Bridge & Iron Company N.V. by 907.6% during the second quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock worth $130,000 after buying an additional 5,945 shares during the period. M Holdings Securities Inc. boosted its position in shares of Chicago Bridge & Iron Company N.V. by 5.5% during the first quarter. M Holdings Securities Inc. now owns 6,765 shares of the construction company’s stock worth $208,000 after buying an additional 350 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Chicago Bridge & Iron Company N.V. by 6.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 6,867 shares of the construction company’s stock worth $211,000 after buying an additional 410 shares during the period. Institutional investors and hedge funds own 67.90% 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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