Chicago Bridge & Iron Company N.V. (CBI) Rating Increased to Hold at BidaskClub

Chicago Bridge & Iron Company N.V. (NYSE:CBI) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.

Several other research firms also recently commented on CBI. Robert W. Baird set a $15.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a research report on Thursday, June 22nd. Wells Fargo & Company upgraded shares of Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research report on Wednesday, June 28th. Credit Suisse Group set a $40.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research report on Saturday, April 22nd. MKM Partners reiterated a “buy” rating and issued a $34.00 price target (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, May 19th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.79.

Shares of Chicago Bridge & Iron Company N.V. (CBI) opened at 17.78 on Thursday. The firm’s market cap is $1.79 billion. Chicago Bridge & Iron Company N.V. has a 1-year low of $12.91 and a 1-year high of $39.71. The stock has a 50 day moving average of $18.21 and a 200-day moving average of $28.45.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings results on Monday, May 8th. The construction company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.95 by $0.71. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the company earned $1.01 EPS. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. Equities analysts anticipate that Chicago Bridge & Iron Company N.V. will post $3.09 EPS for the current fiscal year.

The business also recently declared a special dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 23rd were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 21st. Chicago Bridge & Iron Company N.V.’s dividend payout ratio (DPR) is presently -6.93%.

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In other news, insider Edgar C. Ray sold 48,700 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 60,496 shares of the company’s stock, valued at approximately $1,877,190.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Westley S. Stockton sold 2,657 shares of the company’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $31.00, for a total transaction of $82,367.00. Following the transaction, the vice president now directly owns 19,005 shares in the company, valued at $589,155. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its position 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 during the period. GM Advisory Group Inc. bought a new position in Chicago Bridge & Iron Company N.V. during the first quarter worth $215,000. Parametric Portfolio Associates LLC boosted its position 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 during the period. Norges Bank bought a new position in Chicago Bridge & Iron Company N.V. during the fourth quarter worth $24,642,000. Finally, Reilly Financial Advisors LLC boosted its position 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 during the period. 66.14% of the stock is currently owned by institutional investors and hedge funds.

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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