Chicago Bridge & Iron (NYSE:CBI) has been given a consensus rating of “Hold” by the nineteen analysts that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $19.25.
A number of research analysts recently commented on CBI shares. Deutsche Bank restated a “buy” rating and issued a $20.00 target price (up from $16.00) on shares of Chicago Bridge & Iron in a research note on Tuesday, October 24th. Robert W. Baird upped their target price on Chicago Bridge & Iron from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Jefferies Group set a $15.00 target price on Chicago Bridge & Iron and gave the company a “hold” rating in a research note on Tuesday, October 31st. UBS Group upped their target price on Chicago Bridge & Iron from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Finally, Credit Suisse Group upped their target price on Chicago Bridge & Iron from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd.
Shares of Chicago Bridge & Iron (NYSE:CBI) traded up $0.10 during midday trading on Tuesday, hitting $18.81. The company had a trading volume of 286,389 shares, compared to its average volume of 3,290,829. The firm has a market capitalization of $1,910.00, a price-to-earnings ratio of -5.46, a price-to-earnings-growth ratio of 1.06 and a beta of 2.40. Chicago Bridge & Iron has a twelve month low of $9.55 and a twelve month high of $35.45.
In other Chicago Bridge & Iron news, EVP Daniel M. Mccarthy sold 7,500 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $16.07, for a total value of $120,525.00. Following the sale, the executive vice president now directly owns 89,964 shares in the company, valued at $1,445,721.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
A number of large investors have recently made changes to their positions in CBI. Compagnie Lombard Odier SCmA bought a new stake in Chicago Bridge & Iron in the fourth quarter valued at $102,000. Global X Management Co. LLC lifted its stake in shares of Chicago Bridge & Iron by 75.4% in the 4th quarter. Global X Management Co. LLC now owns 6,971 shares of the construction company’s stock valued at $113,000 after purchasing an additional 2,996 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Chicago Bridge & Iron by 1,648.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock valued at $175,000 after purchasing an additional 8,343 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Chicago Bridge & Iron in the 3rd quarter valued at about $176,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Chicago Bridge & Iron in the 2nd quarter valued at about $177,000. Hedge funds and other institutional investors own 64.48% of the company’s stock.
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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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