Chicago Bridge & Iron Company N.V. (NYSE:CBI) had its price objective dropped by Credit Suisse Group from $34.00 to $21.00 in a research note issued on Monday, The Fly reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 36.90% from the stock’s current price. The analysts noted that the move was a valuation call.

CBI has been the subject of several other reports. TheStreet downgraded shares of Chicago Bridge & Iron Company N.V. from a “c” rating to a “d+” rating in a research note on Friday, March 3rd. Argus downgraded shares of Chicago Bridge & Iron Company N.V. from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research note on Friday, March 17th. Jefferies Group LLC restated a “buy” rating and issued a $35.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, May 9th. Zacks Investment Research downgraded shares of Chicago Bridge & Iron Company N.V. from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. Finally, DA Davidson restated a “buy” rating on shares of Chicago Bridge & Iron Company N.V. in a research note on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.82.

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

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded up 0.945% on Monday, reaching $15.485. The company had a trading volume of 1,125,070 shares. Chicago Bridge & Iron Company N.V. has a 52 week low of $14.80 and a 52 week high of $39.71. The firm’s market capitalization is $1.56 billion. The stock’s 50 day moving average is $21.44 and its 200 day moving average is $29.57.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its earnings results on Monday, May 8th. The construction company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by $0.71. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.42 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. Chicago Bridge & Iron Company N.V.’s revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the business earned $1.01 earnings per share. On average, equities analysts anticipate that Chicago Bridge & Iron Company N.V. will post $3.53 EPS for the current year.

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

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In other news, insider Edgar C. Ray sold 48,700 shares of the business’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $31.03, for a total transaction of $1,511,161.00. Following the completion of the sale, the insider now owns 60,496 shares of the company’s stock, valued at $1,877,190.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Westley S. Stockton sold 2,657 shares of the business’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $31.00, for a total transaction of $82,367.00. Following the sale, the vice president now directly owns 19,005 shares of the company’s stock, valued at approximately $589,155. The disclosure for this sale can be found here. Insiders have sold 68,619 shares of company stock valued at $2,100,012 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in Chicago Bridge & Iron Company N.V. by 111.8% in the first quarter. US Bancorp DE now owns 87,962 shares of the construction company’s stock worth $2,705,000 after buying an additional 46,440 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Chicago Bridge & Iron Company N.V. by 3.9% in the first quarter. Parametric Portfolio Associates LLC now owns 269,372 shares of the construction company’s stock worth $8,283,000 after buying an additional 10,228 shares in the last quarter. Norges Bank bought a new stake in Chicago Bridge & Iron Company N.V. during the fourth quarter worth approximately $24,642,000. Reilly Financial Advisors LLC boosted its stake in Chicago Bridge & Iron Company N.V. by 3.6% in the first quarter. Reilly Financial Advisors LLC now owns 239,358 shares of the construction company’s stock worth $7,360,000 after buying an additional 8,265 shares in the last quarter. Finally, Seizert Capital Partners LLC boosted its stake in Chicago Bridge & Iron Company N.V. by 3.2% in the first quarter. Seizert Capital Partners LLC now owns 1,561,210 shares of the construction company’s stock worth $48,007,000 after buying an additional 48,102 shares in the last quarter. 66.14% of the stock is owned by institutional investors and hedge funds.

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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