Chicago Bridge & Iron Company NV’s Buy Rating Reaffirmed at Barclays (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI)‘s stock had its “buy” rating reiterated by Barclays in a research note issued on Wednesday, Stock Ratings News reports. They currently have a $77.00 price objective on the stock. Barclays’ price target points to a potential upside of 4.29% from the stock’s previous close.
Shares of Chicago Bridge & Iron Company NV (NYSE:CBI) traded down 0.35% during mid-day trading on Wednesday, hitting $73.83. 581,963 shares of the company’s stock traded hands. Chicago Bridge & Iron Company NV has a one year low of $36.60 and a one year high of $76.16. The stock has a 50-day moving average of $70.18 and a 200-day moving average of $62.18. The company has a market cap of $7.923 billion and a price-to-earnings ratio of 24.41.
Chicago Bridge & Iron Company NV (NYSE:CBI) last announced its earnings results on Tuesday, October 29th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.10 by $0.02. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 106.8% on a year-over-year basis. Analysts expect that Chicago Bridge & Iron Company NV will post $4.16 EPS for the current fiscal year.
A number of other firms have also recently commented on CBI. Analysts at Johnson Rice raised their price target on shares of Chicago Bridge & Iron Company NV from $75.00 to $90.00 in a research note to investors on Wednesday. They now have a “focus list” rating on the stock. Separately, analysts at DA Davidson raised their price target on shares of Chicago Bridge & Iron Company NV from $65.00 to $80.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Chicago Bridge & Iron Company NV currently has a consensus rating of “Buy” and an average price target of $76.21.
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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