Insider Selling: Chicago Bridge & Iron Company NV CFO Sells 10,000 Shares of Stock (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI) CFO Ronald Ballschmiede sold 10,000 shares of Chicago Bridge & Iron Company NV stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $70.07, for a total transaction of $700,700.00. Following the completion of the sale, the chief financial officer now directly owns 192,279 shares in the company, valued at approximately $13,472,990. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 raised their price target on shares of Chicago Bridge & Iron Company NV from $75.00 to $85.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $71.17.
Chicago Bridge & Iron Company NV (NYSE:CBI) traded down 0.07% during mid-day trading on Monday, hitting $70.42. 357,400 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 has a 50-day moving average of $63.75 and a 200-day moving average of $60.11. The company has a market cap of $7.557 billion and a P/E ratio of 23.22.
Chicago Bridge & Iron Company NV (NYSE:CBI) last posted its quarterly 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.
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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