Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Chicago Bridge & Iron (CBI) Share Price
Media coverage about Chicago Bridge & Iron (NYSE:CBI) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chicago Bridge & Iron earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 45.6947744029336 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Highly profitable stock that pay rich dividends: Chicago Bridge & Iron Company NV (CBI) – Voice Of Analysts (analystsbuzz.com)
- Chicago Bridge & Iron Company N (NYSE:CBI) Experiences Heavier than Usual Trading Volume – Highlight Press (highlightpress.com)
- CB&I to Participate in Vertical Research Partners Global Industrial Conference (finance.yahoo.com)
- Chicago Bridge & Iron Company (CBI) PT Set at $10.00 by Bank of America Corporation (americanbankingnews.com)
- Zacks: Brokerages Expect Chicago Bridge & Iron Company (CBI) Will Post Quarterly Sales of $1.83 Billion (americanbankingnews.com)
CBI has been the subject of several research reports. Deutsche Bank AG upped their target price on shares of Chicago Bridge & Iron from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Citigroup Inc. reiterated a “neutral” rating and issued a $20.00 target price (down from $23.00) on shares of Chicago Bridge & Iron in a research report on Tuesday, July 18th. MKM Partners reiterated a “buy” rating and issued a $34.00 target price (down from $41.00) on shares of Chicago Bridge & Iron in a research report on Friday, May 19th. Credit Suisse Group cut their target price on shares of Chicago Bridge & Iron from $34.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, June 19th. They noted that the move was a valuation call. Finally, Macquarie reiterated an “underperform” rating and issued a $10.00 target price (down from $11.50) on shares of Chicago Bridge & Iron in a research report on Wednesday, June 21st. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $24.10.
Chicago Bridge & Iron (NYSE CBI) traded up 5.46% during mid-day trading on Wednesday, reaching $12.55. 7,931,623 shares of the company’s stock traded hands. Chicago Bridge & Iron has a one year low of $9.55 and a one year high of $36.56. The firm’s market cap is $1.27 billion. The firm’s 50-day moving average price is $15.42 and its 200 day moving average price is $23.46.
Chicago Bridge & Iron (NYSE:CBI) last released its quarterly earnings data on Wednesday, August 9th. The construction company reported ($2.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $3.81. Chicago Bridge & Iron had a negative return on equity of 96.47% and a negative net margin of 23.50%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the business posted $1.17 earnings per share. Chicago Bridge & Iron’s revenue for the quarter was down 40.6% on a year-over-year basis. On average, equities analysts forecast that Chicago Bridge & Iron will post ($1.79) EPS for the current year.
Chicago Bridge & Iron 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.
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