Chicago Bridge & Iron Company Sees Unusually High Options Volume (CBI)
Chicago Bridge & Iron Company (NYSE:CBI) saw unusually large options trading on Tuesday. Stock investors purchased 16,691 put options on the company, Stock Ratings Network.com reports. This represents an increase of 958% compared to the average daily volume of 1,577 put options.
In other Chicago Bridge & Iron Company news, CAO Westley S. Stockton sold 4,627 shares of the stock on the open market in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $81.19, for a total value of $375,666.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Chicago Bridge & Iron Company in a research note on Wednesday, May 28th. They now have a $86.00 price target on the stock. Analysts at Credit Agricole reiterated an “underperform” rating on shares of Chicago Bridge & Iron Company in a research note on Thursday, April 10th. They now have a $90.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Chicago Bridge & Iron Company presently has an average rating of “Buy” and an average price target of $84.42.
Chicago Bridge & Iron Company (NYSE:CBI) traded down 7.23% during mid-day trading on Tuesday, hitting $68.26. 13,678,742 shares of the company’s stock traded hands. Chicago Bridge & Iron Company has a 1-year low of $56.04 and a 1-year high of $89.22. The stock’s 50-day moving average is $79.74 and its 200-day moving average is $81.00. The company has a market cap of $7.380 billion and a P/E ratio of 15.68.
Chicago Bridge & Iron Company (NYSE:CBI) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.87 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.10 by $0.23. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the company posted $0.82 earnings per share. Chicago Bridge & Iron Company’s revenue was up 30.1% compared to the same quarter last year. Analysts expect that Chicago Bridge & Iron Company will post $5.09 EPS for the current fiscal year.
Chicago Bridge & Iron Company N.V. is an energy infrastructure focused company and provider of government services.
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