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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.

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