Chicago Bridge & Iron Company NV (CBI) Plans Special Dividend of $0.05
Chicago Bridge & Iron Company NV (NYSE:CBI) declared a special dividend on Thursday, September 12th, Analyst Ratings.Net reports. Stockholders of record on Friday, September 20th will be given a dividend of $0.05 per share on Monday, September 30th. The ex-dividend date of this dividend is Wednesday, September 18th.
A number of research firms have recently commented on CBI. Analysts at Goldman Sachs Group Inc. downgraded shares of Chicago Bridge & Iron Company NV (NYSE:CBI) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 4th. They now have a $68.00 price target on the stock. On a related note, analysts at Stifel Nicolaus raised their price target on shares of Chicago Bridge & Iron Company NV (NYSE:CBI) from $65.00 to $69.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Chicago Bridge & Iron Company NV (NYSE:CBI) from $60.00 to $59.00 in a research note to investors on Thursday, August 1st.
One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $69.00.
Shares of Chicago Bridge & Iron Company NV (NYSE:CBI) traded up 0.30% on Thursday, hitting $64.34. 906,557 shares of the company’s stock traded hands. Chicago Bridge & Iron Company NV has a 1-year low of $36.60 and a 1-year high of $64.91. The stock has a 50-day moving average of $60.37 and a 200-day moving average of $58.74. The company has a market cap of $6.905 billion and a price-to-earnings ratio of 21.14.
Chicago Bridge & Iron Company NV (NYSE:CBI) last announced its earnings results on Tuesday, July 30th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.01. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company posted $0.74 earnings per share. Chicago Bridge & Iron Company NV’s revenue was up 119.3% compared to the same quarter last year. On average, analysts predict that Chicago Bridge & Iron Company NV will post $4.17 earnings per share for the current fiscal year.
In other Chicago Bridge & Iron Company NV news, CFO Ronald A. Ballschmiede sold 19,109 shares of the company’s stock on the open market in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.94, for a total value of $1,202,720.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Chicago Bridge & Iron Company N.V. (NYSE:CBI) is one of the integrated engineering, procurement and construction (EPC) services providers and process technology licensors, delivering solutions to customers primarily in the energy, petrochemical and natural resource industries.
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