Chicago Bridge & Iron Company NV Coverage Initiated by Analysts at Erste Group (CBI)
Stock analysts at Erste Group began coverage on shares of Chicago Bridge & Iron Company NV (NYSE:CBI) in a report issued on Tuesday, American Banking News.com reports. The firm set a “buy” rating on the stock.
Chicago Bridge & Iron Company NV (NYSE:CBI) traded down 0.01% during mid-day trading on Tuesday, hitting $82.8496. 216,081 shares of the company’s stock traded hands. Chicago Bridge & Iron Company NV has a one year low of $48.91 and a one year high of $83.41. The stock’s 50-day moving average is $79.98 and its 200-day moving average is $69.92. The company has a market cap of $8.907 billion and a price-to-earnings ratio of 25.01.
Chicago Bridge & Iron Company NV (NYSE:CBI) last released its earnings data on Tuesday, October 29th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $0.82 earnings per share. Chicago Bridge & Iron Company NV’s revenue was up 106.8% compared to the same quarter last year. On average, analysts predict that Chicago Bridge & Iron Company NV will post $4.16 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Chicago Bridge & Iron Company NV in a research note to investors on Friday, December 27th. They now have a $86.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of Chicago Bridge & Iron Company NV in a research note to investors on Thursday, December 19th. They set an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Chicago Bridge & Iron Company NV has a consensus rating of “Buy” and an average target price of $82.00.
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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