Chicago Bridge & Iron Company Given Consensus Recommendation of “Buy” by Analysts (NYSE:CBI)
Shares of Chicago Bridge & Iron Company (NYSE:CBI) have been given a consensus recommendation of “Buy” by the sixteen ratings firms that are covering the stock, AnalystRatingsNetwork reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $84.36.
Shares of Chicago Bridge & Iron Company (NYSE:CBI) opened at 60.45 on Tuesday. Chicago Bridge & Iron Company has a one year low of $57.54 and a one year high of $89.22. The stock has a 50-day moving average of $64.27 and a 200-day moving average of $76.35. The company has a market cap of $6.540 billion and a price-to-earnings ratio of 11.92.
Chicago Bridge & Iron Company (NYSE:CBI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.28 by $0.08. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. Analysts expect that Chicago Bridge & Iron Company will post $5.09 EPS for the current fiscal year.
In other Chicago Bridge & Iron Company news, Director Deborah M. Fretz bought 1,000 shares of the stock on the open market in a transaction dated Wednesday, August 6th. The shares were purchased at an average cost of $58.04 per share, for a total transaction of $58,040.00. The acquisition was disclosed in a filing with the SEC, which is available at 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 Friday, August 8th. They now have a $61.00 price target on the stock. Separately, analysts at Erste Group downgraded shares of Chicago Bridge & Iron Company to a “sell” rating in a research note on Tuesday, August 5th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Chicago Bridge & Iron Company in a research note on Friday, July 25th. They now have a $87.00 price target on the stock, down previously from $93.00.
Chicago Bridge & Iron Company N.V. is an energy infrastructure focused company and provider of government services.
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