Chicago Bridge & Iron Company NV PT Raised to $89.00 at UBS AG (CBI)
Investment analysts at UBS AG upped their price objective on shares of Chicago Bridge & Iron Company NV (NYSE:CBI) to $89.00 in a note issued to investors on Wednesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective suggests a potential upside of 11.92% from the stock’s previous close.
A number of other firms have also recently commented on CBI. Analysts at Erste Group initiated coverage on shares of Chicago Bridge & Iron Company NV in a research note on Tuesday, January 21st. 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 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 on Thursday, December 19th. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. Chicago Bridge & Iron Company NV presently has a consensus rating of “Buy” and an average price target of $82.25.
In other Chicago Bridge & Iron Company NV news, CFO Ronald A. Ballschmiede sold 18,471 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $80.38, for a total transaction of $1,484,698.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Chicago Bridge & Iron Company NV (NYSE:CBI) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.75. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.07 billion.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Investors of record on Friday, March 21st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Wednesday, March 19th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.