Chicago Bridge & Iron Company N.V. (CBI) PT Set at $10.00 by Robert W. Baird

Chicago Bridge & Iron Company N.V. (NYSE:CBI) has been assigned a $10.00 price target by research analysts at Robert W. Baird in a research report issued to clients and investors on Thursday. The brokerage currently has a “hold” rating on the construction company’s stock. Robert W. Baird’s price target would suggest a potential downside of 15.25% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. UBS AG restated a “buy” rating and issued a $21.00 price target (down from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, May 24th. Deutsche Bank AG upped their price target on shares of Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. MKM Partners restated a “buy” rating and issued a $34.00 price target (down from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, May 19th. Credit Suisse Group set a $34.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research note on Wednesday, May 10th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $35.00 price target on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, May 9th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Chicago Bridge & Iron Company N.V. has an average rating of “Hold” and a consensus price target of $26.16.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded down 1.42% during mid-day trading on Thursday, hitting $11.80. 11,285,216 shares of the stock traded hands. The firm’s market capitalization is $1.19 billion. Chicago Bridge & Iron Company N.V. has a one year low of $10.54 and a one year high of $36.56. The company’s 50 day moving average is $17.53 and its 200 day moving average is $25.08. Chicago Bridge & Iron Company N.V. also was the target of some unusual options trading activity on Wednesday. Stock traders bought 896 call options on the stock. This represents an increase of 197% compared to the typical daily volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings results 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 net margin of 10.54% and a negative return on equity of 3.92%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the company posted $1.17 earnings per share. The company’s 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 $0.79 EPS for the current fiscal year.

WARNING: This piece of content was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://stocknewstimes.com/2017/08/12/chicago-bridge-iron-company-n-v-cbi-pt-set-at-10-00-by-robert-w-baird.html.

Several large investors have recently bought and sold shares of the stock. Glen Harbor Capital Management LLC increased its stake in Chicago Bridge & Iron Company N.V. by 395.9% in the first quarter. Glen Harbor Capital Management LLC now owns 69,504 shares of the construction company’s stock worth $2,137,000 after buying an additional 55,488 shares during the last quarter. Sigma Planning Corp increased its stake in Chicago Bridge & Iron Company N.V. by 60.2% in the first quarter. Sigma Planning Corp now owns 22,121 shares of the construction company’s stock worth $680,000 after buying an additional 8,315 shares during the last quarter. Nationwide Fund Advisors increased its stake in Chicago Bridge & Iron Company N.V. by 9,639.4% in the first quarter. Nationwide Fund Advisors now owns 243,874 shares of the construction company’s stock worth $7,499,000 after buying an additional 241,370 shares during the last quarter. City Holding Co. increased its stake in Chicago Bridge & Iron Company N.V. by 5.6% in the first quarter. City Holding Co. now owns 18,779 shares of the construction company’s stock worth $577,000 after buying an additional 993 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. increased its stake in Chicago Bridge & Iron Company N.V. by 3.6% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 38,320 shares of the construction company’s stock worth $1,178,000 after buying an additional 1,345 shares during the last quarter. Institutional investors own 67.19% 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)

Receive News & Ratings for Chicago Bridge & Iron Company N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicago Bridge & Iron Company N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply