Chicago Bridge & Iron Company NV Coverage Initiated by Analysts at Jefferies Group (CBI)
Equities researchers at Jefferies Group initiated coverage on shares of Chicago Bridge & Iron Company NV (NYSE:CBI) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
In other Chicago Bridge & Iron Company NV news, EVP Daniel Mccarthy unloaded 7,142 shares of the stock on the open market in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.04, for a total transaction of $500,225.68. Following the transaction, the executive vice president now directly owns 59,510 shares of the company’s stock, valued at approximately $4,168,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of Chicago Bridge & Iron Company NV from $71.00 to $77.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, 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. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Chicago Bridge & Iron Company NV in a research note to investors on Friday, October 4th. They now have a $69.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $71.67.
Chicago Bridge & Iron Company NV (NYSE:CBI) opened at 68.01 on Wednesday. Chicago Bridge & Iron Company NV has a one year low of $36.60 and a one year high of $71.31. The stock’s 50-day moving average is $64.22 and its 200-day moving average is $60.31. The company has a market cap of $7.298 billion and a P/E ratio of 22.41.
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 (EPS) for the quarter, beating the 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.
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.