Chicago Bridge & Iron Company N.V. (NYSE:CBI) – KeyCorp reduced their FY2018 EPS estimates for shares of Chicago Bridge & Iron Company N.V. in a note issued to investors on Tuesday. KeyCorp analyst T. Afzal now expects that the construction company will earn $2.14 per share for the year, down from their prior estimate of $2.73. KeyCorp currently has a “Hold” rating on the stock.

A number of other equities research analysts have also weighed in on CBI. Jefferies Group LLC set a $15.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research note on Tuesday. Credit Suisse Group boosted their price target on Chicago Bridge & Iron Company N.V. from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday. UBS Group AG (USA) boosted their price target on Chicago Bridge & Iron Company N.V. from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday. Deutsche Bank AG set a $21.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, BidaskClub lowered Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. 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 assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $20.79.

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Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded up $1.60 on Thursday, reaching $15.96. 4,417,412 shares of the company’s stock were exchanged, compared to its average volume of 2,833,775. Chicago Bridge & Iron Company N.V. has a 12-month low of $9.55 and a 12-month high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its earnings results on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). Chicago Bridge & Iron Company N.V. had a negative return on equity of 10.86% and a negative net margin of 13.33%. The business 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 firm posted $1.20 EPS. Chicago Bridge & Iron Company N.V.’s revenue was down 18.7% on a year-over-year basis.

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 sale, 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 legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Chicago Bridge & Iron Company N.V. by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 8,368,949 shares of the construction company’s stock worth $257,345,000 after purchasing an additional 308,397 shares in the last quarter. BlackRock Inc. boosted its position in Chicago Bridge & Iron Company N.V. by 51.9% in the 2nd quarter. BlackRock Inc. now owns 6,340,731 shares of the construction company’s stock worth $125,104,000 after purchasing an additional 2,165,509 shares in the last quarter. State Street Corp raised its stake in shares of Chicago Bridge & Iron Company N.V. by 181.4% during the 2nd quarter. State Street Corp now owns 4,059,198 shares of the construction company’s stock worth $80,086,000 after buying an additional 2,616,783 shares during the period. Fairpointe Capital LLC raised its stake in shares of Chicago Bridge & Iron Company N.V. by 41.9% during the 2nd quarter. Fairpointe Capital LLC now owns 4,048,371 shares of the construction company’s stock worth $79,875,000 after buying an additional 1,196,110 shares during the period. Finally, Beck Mack & Oliver LLC raised its stake in shares of Chicago Bridge & Iron Company N.V. by 364.0% during the 2nd 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 period. Institutional investors and hedge funds own 68.48% 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.

Earnings History and Estimates for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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