Chicago Bridge & Iron Company NV EVP Unloads $382,437 in Stock (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI) EVP Beth Bailey sold 5,267 shares of Chicago Bridge & Iron Company NV stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.61, for a total value of $382,436.87. Following the transaction, the executive vice president now directly owns 67,059 shares in the company, valued at approximately $4,869,154. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Chicago Bridge & Iron Company NV (NYSE:CBI) traded up 2.24% on Friday, hitting $74.4492. The stock had a trading volume of 457,108 shares. Chicago Bridge & Iron Company NV has a 1-year low of $36.60 and a 1-year high of $73.00. The stock’s 50-day moving average is $66.3 and its 200-day moving average is $60.88. The company has a market cap of $7.989 billion and a price-to-earnings ratio of 23.99.
Chicago Bridge & Iron Company NV (NYSE:CBI) last announced its 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 previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 119.3% on a year-over-year basis. Analysts expect that Chicago Bridge & Iron Company NV will post $4.17 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Chicago Bridge & Iron Company NV in a research note to investors on Wednesday, October 9th. They set a “buy” rating on the stock. Separately, analysts at Barclays 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, October 7th. They now have an “overweight” rating on the stock. Finally, 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, October 7th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $73.42.
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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