Chicago Bridge & Iron Company N.V. (NYSE:CBI) PT Set at $21.00 by Deutsche Bank AG

Chicago Bridge & Iron Company N.V. (NYSE:CBI) received a $21.00 price objective from research analysts at Deutsche Bank AG in a report released on Thursday. The brokerage currently has a “buy” rating on the construction company’s stock. Deutsche Bank AG’s price objective would indicate a potential upside of 77.97% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. 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. Credit Suisse Group cut their price objective on Chicago Bridge & Iron Company N.V. from $34.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, June 19th. They noted that the move was a valuation call. Macquarie reiterated an “underperform” rating and issued a $10.00 price objective (down previously from $11.50) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, June 21st. Citigroup Inc. reiterated a “neutral” rating and issued a $20.00 price objective (down previously from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Tuesday, July 18th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $23.00 price objective (down previously from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, May 17th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $26.16.

Chicago Bridge & Iron Company N.V. (CBI) traded down 1.42% during mid-day trading on Thursday, reaching $11.80. The company’s stock had a trading volume of 11,285,216 shares. The stock’s market cap is $1.19 billion. Chicago Bridge & Iron Company N.V. has a 12-month low of $10.54 and a 12-month high of $36.56. The firm’s 50 day moving average price is $17.53 and its 200 day moving average price is $25.08. Chicago Bridge & Iron Company N.V. also was the recipient of some unusual options trading on Wednesday. Traders purchased 896 call options on the stock. This represents an increase of approximately 197% compared to the average volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings data on Wednesday, August 9th. The construction company reported ($2.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $3.81. The firm 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%. Chicago Bridge & Iron Company N.V.’s quarterly revenue was down 40.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. On average, equities analysts predict that Chicago Bridge & Iron Company N.V. will post $0.79 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lumina Fund Management LLC acquired a new position in Chicago Bridge & Iron Company N.V. during the second quarter worth approximately $2,634,000. Quantbot Technologies LP acquired a new position in Chicago Bridge & Iron Company N.V. during the second quarter worth approximately $392,000. California Public Employees Retirement System increased its position in Chicago Bridge & Iron Company N.V. by 1.1% in the second quarter. California Public Employees Retirement System now owns 274,000 shares of the construction company’s stock worth $5,406,000 after buying an additional 3,100 shares during the last quarter. Northern Trust Corp increased its position in Chicago Bridge & Iron Company N.V. by 110.9% in the second quarter. Northern Trust Corp now owns 1,165,751 shares of the construction company’s stock worth $23,000,000 after buying an additional 612,936 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in Chicago Bridge & Iron Company N.V. by 35.6% in the second quarter. D.A. Davidson & CO. now owns 51,237 shares of the construction company’s stock worth $1,010,000 after buying an additional 13,448 shares during the last quarter. Institutional investors and hedge funds 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)

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