Chicago Bridge & Iron Company N.V. (NYSE:CBI) had its price target reduced by equities research analysts at Credit Suisse Group from $34.00 to $21.00 in a research report issued to clients and investors on Monday. The brokerage currently has an “outperform” rating on the construction company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 36.90% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other research firms also recently commented on CBI. TheStreet downgraded Chicago Bridge & Iron Company N.V. from a “c” rating to a “d+” rating in a research report on Friday, March 3rd. DA Davidson reiterated a “buy” rating on shares of Chicago Bridge & Iron Company N.V. in a report on Monday, February 27th. Zacks Investment Research downgraded Chicago Bridge & Iron Company N.V. from a “buy” rating to a “hold” rating in a report on Thursday, March 2nd. MKM Partners reiterated a “buy” rating and issued a $34.00 price objective (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, May 19th. Finally, Citigroup Inc. cut their price objective on Chicago Bridge & Iron Company N.V. from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Chicago Bridge & Iron Company N.V. presently has a consensus rating of “Hold” and a consensus target price of $30.82.

Analyst Recommendations for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings data on Monday, May 8th. The construction company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by $0.71. Chicago Bridge & Iron Company N.V. had a positive return on equity of 17.98% and a negative net margin of 3.81%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The business’s quarterly revenue was down 11.4% compared to the same quarter last year.

The company also recently declared a special dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 23rd will be issued a $0.07 dividend. The ex-dividend date is Wednesday, June 21st. Chicago Bridge & Iron Company N.V.’s dividend payout ratio is currently -6.93%.

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In related news, VP Westley S. Stockton sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $31.00, for a total value of $37,200.00. Following the sale, the vice president now owns 21,662 shares in the company, valued at approximately $671,522. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edgar C. Ray sold 48,700 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $31.03, for a total value of $1,511,161.00. Following the completion of the sale, the insider now owns 60,496 shares in the company, valued at approximately $1,877,190.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,619 shares of company stock worth $2,100,012. Insiders own 1.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management purchased a new stake in Chicago Bridge & Iron Company N.V. during the fourth quarter worth $104,000. Menora Mivtachim Holdings LTD. purchased a new stake in Chicago Bridge & Iron Company N.V. during the fourth quarter worth $105,000. Clearbridge Investments LLC boosted its stake in Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after buying an additional 300 shares in the last quarter. Brick & Kyle Associates boosted its stake in Chicago Bridge & Iron Company N.V. by 14.5% in the first quarter. Brick & Kyle Associates now owns 3,950 shares of the construction company’s stock worth $121,000 after buying an additional 500 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new stake in Chicago Bridge & Iron Company N.V. during the fourth quarter worth $134,000. Institutional investors and hedge funds own 66.14% of the company’s stock.

Chicago Bridge & Iron Company N.V. Company Profile

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

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