Chicago Bridge & Iron Company N.V.’s (CBI) “Buy” Rating Reiterated at Deutsche Bank AG

Chicago Bridge & Iron Company N.V. (NYSE:CBI)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank AG in a report issued on Tuesday, October 24th. They presently have a $20.00 price target on the construction company’s stock, up from their previous price target of $16.00. Deutsche Bank AG’s price objective indicates a potential upside of 20.70% from the stock’s current price.

Several other equities analysts have also weighed in on CBI. BidaskClub lowered shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Credit Suisse Group reaffirmed a “neutral” rating and set a $13.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, August 11th. Citigroup Inc. set a $18.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research note on Thursday, August 10th. Robert W. Baird set a $10.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research note on Thursday, August 10th. Finally, DA Davidson restated a “buy” rating and issued a $25.00 target price (down previously from $40.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Thursday, August 10th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $20.79.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at $16.57 on Tuesday. Chicago Bridge & Iron Company N.V. has a fifty-two week low of $9.55 and a fifty-two week high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings results on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.19). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.80 billion. 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’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 earnings per share. equities research analysts predict 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 transaction of $122,175.00. Following the completion of the transaction, the executive vice president now owns 104,964 shares of the company’s stock, valued at approximately $1,709,863.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its holdings in shares of Chicago Bridge & Iron Company N.V. by 8.5% in the 1st quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock valued at $117,000 after buying an additional 300 shares during the last quarter. Hanson & Doremus Investment Management increased its position in Chicago Bridge & Iron Company N.V. by 14.8% during the 2nd 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 increased its position in Chicago Bridge & Iron Company N.V. by 907.6% during the 2nd 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. increased its position in Chicago Bridge & Iron Company N.V. by 5.5% during the 1st 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. increased its position in Chicago Bridge & Iron Company N.V. by 6.3% during the 1st 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. 66.74% of the stock is owned by institutional investors.

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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