Chicago Bridge & Iron Company NV Sets New 1-Year High at $64.96 (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI)’s share price reached a new 52-week high during mid-day trading on Monday, Stock Ratings Network.com reports. The stock traded as high as $64.96 and last traded at $64.19, with a volume of 478,720 shares traded. The stock had previously closed at $63.50.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.00.
In other Chicago Bridge & Iron Company NV news, COO Lasse Petterson sold 25,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $64.50, for a total value of $1,612,500.00. Following the sale, the chief operating officer now directly owns 69,503 shares in the company. The sale was disclosed in a document filed with the SEC, which is available at this link.
Chicago Bridge & Iron Company NV has a 52 week low of $36.60 and a 52 week high of $64.96. The stock’s 50-day moving average is $60.6 and its 200-day moving average is $58.9. The company has a market cap of $6.891 billion and a price-to-earnings ratio of 20.92.
Chicago Bridge & Iron Company NV (NYSE:CBI) last issued its quarterly earnings data 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. On average, analysts predict that Chicago Bridge & Iron Company NV will post $4.17 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Monday, September 30th. Investors of record on Friday, September 20th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend 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.
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