Chicago Bridge & Iron Company NV Hits New 52-Week High at $83.42 (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI) set a new 52-week high during trading hours on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $83.42 and last traded at $82.58, with a volume of 518,536 shares. The stock had previously closed at $82.86.
Several analysts have recently commented on the stock. Analysts at Erste Group initiated coverage on shares of Chicago Bridge & Iron Company NV in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, 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. Finally, 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $82.00.
Chicago Bridge & Iron Company NV has a 1-year low of $48.91 and a 1-year high of $83.41. The stock has a 50-day moving average of $79.98 and a 200-day moving average of $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 announced its earnings results on Tuesday, October 29th. The company reported $1.12 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Chicago Bridge & Iron Company NV will post $4.16 EPS 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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