Chicago Bridge & Iron Company N.V. (NYSE:CBI)‘s stock had its “buy” rating reissued by stock analysts at Vertical Research in a research report issued on Thursday. They presently have a $20.00 price target on the construction company’s stock. Vertical Research’s target price points to a potential upside of 34.59% from the stock’s current price.

Other equities research analysts have also issued reports about the company. UBS AG reiterated a “buy” rating and set a $21.00 price objective (down from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, May 24th. Robert W. Baird reiterated a “neutral” rating and set a $23.00 price objective (down from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, May 17th. BidaskClub upgraded Chicago Bridge & Iron Company N.V. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Citigroup Inc. reiterated a “neutral” rating and set a $20.00 price objective (down from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, July 18th. Finally, Wells Fargo & Company upgraded Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Wednesday, June 28th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $22.63.

Shares of Chicago Bridge & Iron Company N.V. (CBI) traded down 0.47% during trading on Thursday, reaching $14.86. The company had a trading volume of 2,282,569 shares. The stock’s 50-day moving average price is $13.94 and its 200-day moving average price is $21.62. The company’s market capitalization is $1.50 billion. Chicago Bridge & Iron Company N.V. has a 52 week low of $9.55 and a 52 week high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings data on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($3.81). Chicago Bridge & Iron Company N.V. had a negative return on equity of 3.92% and a negative net margin of 10.54%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the firm posted $1.17 earnings per share. Chicago Bridge & Iron Company N.V.’s quarterly revenue was down 40.6% on a year-over-year basis. On average, equities analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBI. Bank of Montreal Can lifted its holdings in Chicago Bridge & Iron Company N.V. by 72.4% in the first quarter. Bank of Montreal Can now owns 46,087 shares of the construction company’s stock valued at $1,418,000 after acquiring an additional 19,361 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Chicago Bridge & Iron Company N.V. by 22.8% in the first quarter. Wells Fargo & Company MN now owns 896,695 shares of the construction company’s stock valued at $27,573,000 after acquiring an additional 166,628 shares during the last quarter. American Century Companies Inc. lifted its holdings in Chicago Bridge & Iron Company N.V. by 1.6% in the first quarter. American Century Companies Inc. now owns 178,056 shares of the construction company’s stock valued at $5,475,000 after acquiring an additional 2,865 shares during the last quarter. Karp Capital Management Corp acquired a new position in Chicago Bridge & Iron Company N.V. in the first quarter valued at approximately $411,000. Finally, Parametric Portfolio Associates LLC lifted its holdings 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 valued at $8,283,000 after acquiring an additional 10,228 shares during the last quarter. Hedge funds and other institutional investors own 67.82% of the company’s stock.

About Chicago Bridge & Iron Company N.V.

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.

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

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