Chicago Bridge & Iron Company NV Price Target Increased to $77.00 by Analysts at Barclays Capital (CBI)
Research analysts at Barclays Capital upped their target price on shares of Chicago Bridge & Iron Company NV (NYSE:CBI) from $71.00 to $77.00 in a report released on Monday, Analyst Ratings Net reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective indicates a potential upside of 9.27% from the stock’s previous close.
Shares of Chicago Bridge & Iron Company NV (NYSE:CBI) traded down 0.09% on Monday, hitting $70.41. 407,018 shares of the company’s stock traded hands. Chicago Bridge & Iron Company NV has a 52 week low of $36.60 and a 52 week high of $71.31. The stock’s 50-day moving average is $63.75 and its 200-day moving average is $60.11. The company has a market cap of $7.556 billion and a P/E ratio of 23.22.
Chicago Bridge & Iron Company NV (NYSE:CBI) last released its earnings data 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, EVP Beth A. Bailey sold 12,500 shares of Chicago Bridge & Iron Company NV stock on the open market in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $69.83, for a total value of $872,875.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on CBI. Analysts at UBS AG raised their price target on shares of Chicago Bridge & Iron Company NV from $70.00 to $80.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Chicago Bridge & Iron Company NV in a research note to investors on Friday. They now have a $69.00 price target on the stock. Finally, analysts at Lazard Capital Markets reiterated a “buy” rating on shares of Chicago Bridge & Iron Company NV in a research note to investors on Friday. They now have a $85.00 price target on the stock, up previously from $75.00. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $71.67.
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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