Vetr cut shares of Chicago Bridge & Iron Co. (NYSE:CBI) from a buy rating to a hold rating in a research report released on Tuesday morning. Vetr currently has $33.63 price target on the stock.

A number of other analysts also recently issued reports on the company. Credit Suisse Group AG lowered their target price on Chicago Bridge & Iron Co. from $46.00 to $37.00 and set an outperform rating on the stock in a research report on Monday, September 26th. Johnson Rice downgraded Chicago Bridge & Iron Co. from a buy rating to a hold rating and lowered their target price for the company from $57.00 to $32.00 in a research report on Wednesday, September 21st. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a $35.00 target price on shares of Chicago Bridge & Iron Co. in a research report on Monday, August 1st. Macquarie lowered their target price on Chicago Bridge & Iron Co. from $25.00 to $20.00 and set an underperform rating on the stock in a research report on Thursday, September 15th. Finally, MKM Partners reaffirmed a buy rating and issued a $42.00 target price on shares of Chicago Bridge & Iron Co. in a research report on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $39.14.

Analyst Recommendations for Chicago Bridge & Iron Co. (NYSE:CBI)

Shares of Chicago Bridge & Iron Co. (NYSE:CBI) opened at 34.03 on Tuesday. The company has a market cap of $3.41 billion, a P/E ratio of 12.41 and a beta of 2.09. Chicago Bridge & Iron Co. has a 12 month low of $26.12 and a 12 month high of $43.09. The firm has a 50 day moving average price of $29.37 and a 200-day moving average price of $32.78.

Chicago Bridge & Iron Co. (NYSE:CBI) last released its earnings results on Thursday, October 27th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.75 billion. Chicago Bridge & Iron Co. had a return on equity of 22.54% and a net margin of 2.51%. Chicago Bridge & Iron Co.’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. Analysts anticipate that Chicago Bridge & Iron Co. will post $4.82 earnings per share for the current fiscal year.

In other news, insider Patrick K. Mullen sold 18,567 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $28.99, for a total transaction of $538,257.33. Following the completion of the transaction, the insider now directly owns 86,655 shares in the company, valued at $2,512,128.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CBI. Cedar Wealth Management LLC increased its position in shares of Chicago Bridge & Iron Co. by 6.4% in the third quarter. Cedar Wealth Management LLC now owns 3,800 shares of the company’s stock valued at $107,000 after buying an additional 230 shares during the period. Acrospire Investment Management LLC increased its position in shares of Chicago Bridge & Iron Co. by 131.7% in the third quarter. Acrospire Investment Management LLC now owns 4,398 shares of the company’s stock valued at $123,000 after buying an additional 2,500 shares during the period. Edge Wealth Management LLC bought a new position in shares of Chicago Bridge & Iron Co. during the third quarter valued at about $140,000. Pinkerton Retirement Specialists LLC bought a new position in shares of Chicago Bridge & Iron Co. during the second quarter valued at about $143,000. Finally, SG Americas Securities LLC increased its position in shares of Chicago Bridge & Iron Co. by 17.4% in the third quarter. SG Americas Securities LLC now owns 5,291 shares of the company’s stock valued at $148,000 after buying an additional 786 shares during the period. Institutional investors own 67.96% of the company’s stock.

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Chicago Bridge & Iron Co. Company Profile

Chicago Bridge & Iron Company N.V. (CB&I) provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

5 Day Chart for NYSE:CBI

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