Chicago Bridge & Iron Company N.V. (NYSE:CBI)‘s stock had its “buy” rating restated by equities research analysts at MKM Partners in a note issued to investors on Wednesday. They currently have a $21.00 price objective on the construction company’s stock, up from their prior price objective of $17.00. MKM Partners’ price objective would indicate a potential upside of 25.97% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Credit Suisse Group set a $21.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research note on Tuesday, July 4th. Vertical Research reissued a “buy” rating and issued a $45.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, June 30th. Deutsche Bank AG restated a “buy” rating on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, June 28th. DA Davidson restated a “buy” rating and set a $25.00 price objective (down from $40.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Thursday, August 10th. Finally, Robert W. Baird set a $15.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Thursday, June 22nd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $21.24.

Chicago Bridge & Iron Company N.V. (CBI) traded down 0.78% during midday trading on Wednesday, hitting $16.54. 1,228,488 shares of the stock traded hands. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56. The firm’s market cap is $1.67 billion. The company’s 50 day moving average price is $13.80 and its 200 day moving average price is $19.97.

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 Zacks’ consensus estimate of $0.85 by ($3.81). The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The firm’s quarterly revenue was down 40.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 earnings per share. Equities research analysts predict that Chicago Bridge & Iron Company N.V. will post ($1.83) earnings per share for the current fiscal year.

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In related news, insider Daniel M. Mccarthy sold 7,500 shares of Chicago Bridge & Iron Company N.V. stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $16.04, for a total transaction of $120,300.00. Following the transaction, the insider now owns 112,464 shares in the company, valued at $1,803,922.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

A number of large investors have recently modified their holdings of the business. KBC Group NV acquired a new stake in shares of Chicago Bridge & Iron Company N.V. in the 2nd quarter worth $1,453,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Chicago Bridge & Iron Company N.V. by 8.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 442,309 shares of the construction company’s stock worth $13,602,000 after acquiring an additional 35,279 shares during the period. Harbour Capital Advisors LLC boosted its position in shares of Chicago Bridge & Iron Company N.V. by 1,873.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 49,325 shares of the construction company’s stock valued at $2,500,000 after acquiring an additional 46,825 shares during the last quarter. Evanston Investments Inc. dba Evanston Advisors boosted its position in shares of Chicago Bridge & Iron Company N.V. by 26.8% during the 2nd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 306,405 shares of the construction company’s stock valued at $6,045,000 after acquiring an additional 64,672 shares during the last quarter. Finally, Century Capital Management LLC boosted its position in shares of Chicago Bridge & Iron Company N.V. by 60.2% during the 2nd quarter. Century Capital Management LLC now owns 113,077 shares of the construction company’s stock valued at $2,231,000 after acquiring an additional 42,500 shares during the last quarter. Institutional investors own 67.90% 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.

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

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