Insider Selling: Chicago Bridge & Iron Company NV EVP Sells 12,500 Shares of Stock (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI) EVP Beth Bailey sold 12,500 shares of Chicago Bridge & Iron Company NV stock on the open market in a transaction dated Friday, October 4th. The shares were sold at an average price of $69.83, for a total value of $872,875.00. Following the completion of the sale, the executive vice president now directly owns 79,559 shares of the company’s stock, valued at approximately $5,555,605. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
CBI has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $71.17.
Chicago Bridge & Iron Company NV (NYSE:CBI) traded down 0.07% on Monday, hitting $70.4175. The stock had a trading volume of 358,300 shares. Chicago Bridge & Iron Company NV has a 1-year low of $36.60 and a 1-year 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. Analysts expect that Chicago Bridge & Iron Company NV will post $4.17 EPS 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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