Chicago Bridge & Iron Company N.V. (NYSE:CBI) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Other equities analysts have also issued reports about the stock. Vertical Research reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, June 30th. Citigroup Inc. reiterated a “hold” rating and issued a $23.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, June 28th. Robert W. Baird boosted their target price on shares of Chicago Bridge & Iron Company N.V. from $15.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Deutsche Bank AG reissued a “buy” rating on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, June 28th. Finally, Macquarie upped their price target on shares of Chicago Bridge & Iron Company N.V. from $10.00 to $14.00 and gave the company a “sell” rating in a research note on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.05.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) traded up 3.04% during trading on Monday, reaching $17.31. The company’s stock had a trading volume of 2,847,276 shares. The stock’s market capitalization is $1.75 billion. The firm’s 50-day moving average is $13.67 and its 200-day moving average is $20.06. 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 quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($3.81). The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $2.49 billion. 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’s quarterly revenue was down 40.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. Equities analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.83) earnings per share for the current year.

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In related news, insider Daniel M. Mccarthy sold 7,500 shares of Chicago Bridge & Iron Company N.V. stock in a transaction that occurred 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 transaction, the insider now directly owns 112,464 shares in the company, valued at $1,803,922.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its position in Chicago Bridge & Iron Company N.V. by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 23,291 shares of the construction company’s stock valued at $716,000 after buying an additional 277 shares during the period. Clearbridge Investments LLC raised its position in shares of Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after acquiring an additional 300 shares during the period. Birmingham Capital Management Co. Inc. AL raised its position in shares of Chicago Bridge & Iron Company N.V. by 0.7% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 40,775 shares of the construction company’s stock worth $804,000 after acquiring an additional 300 shares during the period. M Holdings Securities Inc. raised its position in shares of Chicago Bridge & Iron Company N.V. by 5.5% in the first quarter. M Holdings Securities Inc. now owns 6,765 shares of the construction company’s stock worth $208,000 after acquiring an additional 350 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Chicago Bridge & Iron Company N.V. by 6.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 6,867 shares of the construction company’s stock worth $211,000 after acquiring an additional 410 shares during the period. 67.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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