Chicago Bridge & Iron Company NV CAO Westley Stockton Sells 2,000 Shares (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI) CAO Westley Stockton sold 2,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $74.40, for a total transaction of $148,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,593 shares of the company’s stock, valued at approximately $639,319. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CBI shares. 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 given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $73.42.
Shares of Chicago Bridge & Iron Company NV (NYSE:CBI) traded up 0.75% on Monday, hitting $75.00. The stock had a trading volume of 655,741 shares. Chicago Bridge & Iron Company NV has a 52 week low of $36.60 and a 52 week high of $74.65. The stock has a 50-day moving average of $66.72 and a 200-day moving average of $60.98. The company has a market cap of $8.048 billion and a price-to-earnings ratio of 24.53.
Chicago Bridge & Iron Company NV (NYSE:CBI) last issued its quarterly earnings data 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.
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