Chicago Bridge & Iron Company Given Average Rating of “Buy” by Analysts (NYSE:CBI)
Shares of Chicago Bridge & Iron Company (NYSE:CBI) have received a consensus recommendation of “Buy” from the sixteen ratings firms that are covering the stock, Stock Ratings Network.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $84.36.
A number of analysts have recently weighed in on CBI shares. 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.
Shares of Chicago Bridge & Iron Company (NYSE:CBI) opened at 63.13 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 $63.55 and a 200-day moving average of $75.98. The company has a market cap of $6.830 billion and a price-to-earnings ratio of 12.75.
Chicago Bridge & Iron Company (NYSE:CBI) last released its earnings data 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 previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts predict that Chicago Bridge & Iron Company will post $5.09 earnings per share for the current fiscal year.
Chicago Bridge & Iron Company N.V. is an energy infrastructure focused company and provider of government services.
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.