Chicago Bridge & Iron (NYSE:CBI) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.
Chicago Bridge & Iron (NYSE CBI) opened at $18.31 on Tuesday. Chicago Bridge & Iron has a 1 year low of $9.55 and a 1 year high of $36.15. The company has a market cap of $1,860.00, a PE ratio of -5.29, a price-to-earnings-growth ratio of 0.99 and a beta of 2.40.
In related news, EVP Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $16.07, for a total transaction of $120,525.00. Following the completion of the sale, the executive vice president now directly owns 89,964 shares of the company’s stock, valued at $1,445,721.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.
CBI has been the subject of several recent analyst reports. Deutsche Bank restated a “buy” rating and issued a $20.00 target price (up previously from $16.00) on shares of Chicago Bridge & Iron in a research report on Tuesday, October 24th. Robert W. Baird reaffirmed a “hold” rating and issued a $10.00 price target on shares of Chicago Bridge & Iron in a research note on Sunday, October 22nd. Jefferies Group set a $15.00 price target on shares of Chicago Bridge & Iron and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Chicago Bridge & Iron from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, MKM Partners lowered shares of Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 3rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.07.
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About Chicago Bridge & Iron
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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