Chicago Bridge & Iron Company NV CFO Sells $1,202,720 in Stock (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI) CFO Ronald Ballschmiede unloaded 19,109 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.94, for a total value of $1,202,720.46. Following the completion of the sale, the chief financial officer now directly owns 202,279 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CBI shares. 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. Separately, 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 issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Chicago Bridge & Iron Company NV currently has an average rating of “Buy” and a consensus target price of $69.00.
Chicago Bridge & Iron Company NV (NYSE:CBI) traded up 0.30% during mid-day trading on Thursday, hitting $64.34. 906,557 shares of the company’s stock traded hands. Chicago Bridge & Iron Company NV has a one year low of $36.60 and a one year high of $64.91. The stock’s 50-day moving average is $60.37 and its 200-day moving average is $58.74. The company has a market cap of $6.905 billion and a P/E ratio of 21.14.
Chicago Bridge & Iron Company NV (NYSE:CBI) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 119.3% on a year-over-year basis. Analysts expect that Chicago Bridge & Iron Company NV will post $4.17 EPS for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Monday, September 30th. Investors of record on Friday, September 20th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 18th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.