Chicago Bridge & Iron Co. (NYSE:CBI) has been assigned a consensus rating of “Hold” from the sixteen brokerages that are covering the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $38.97.

A number of brokerages have recently issued reports on CBI. MKM Partners set a $42.00 target price on Chicago Bridge & Iron Co. and gave the stock a “buy” rating in a report on Sunday, September 4th. Standpoint Research reiterated a “buy” rating on shares of Chicago Bridge & Iron Co. in a report on Wednesday, July 27th. Johnson Rice cut Chicago Bridge & Iron Co. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $57.00 to $32.00 in a report on Wednesday, September 21st. Vetr upgraded Chicago Bridge & Iron Co. from a “buy” rating to a “strong-buy” rating and set a $39.70 target price for the company in a report on Monday, August 1st. Finally, Credit Suisse Group AG decreased their target price on Chicago Bridge & Iron Co. from $46.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, September 26th.

Shares of Chicago Bridge & Iron Co. (NYSE:CBI) opened at 33.98 on Friday. The firm has a market cap of $3.40 billion, a PE ratio of 12.39 and a beta of 2.09. The company has a 50-day moving average of $29.37 and a 200 day moving average of $32.78. Chicago Bridge & Iron Co. has a one year low of $26.12 and a one year high of $43.09.

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

In related news, insider Patrick K. Mullen sold 18,567 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $28.99, for a total transaction of $538,257.33. Following the sale, the insider now directly owns 86,655 shares of the company’s stock, valued at approximately $2,512,128.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. State Street Corp raised its stake in Chicago Bridge & Iron Co. by 4.6% in the first quarter. State Street Corp now owns 1,859,408 shares of the company’s stock valued at $68,034,000 after buying an additional 80,982 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Chicago Bridge & Iron Co. by 3.7% in the first quarter. UBS Asset Management Americas Inc. now owns 224,570 shares of the company’s stock valued at $8,216,000 after buying an additional 7,995 shares in the last quarter. Geode Capital Management LLC raised its stake in Chicago Bridge & Iron Co. by 5.7% in the first quarter. Geode Capital Management LLC now owns 601,241 shares of the company’s stock valued at $21,986,000 after buying an additional 32,202 shares in the last quarter. Renaissance Technologies LLC raised its stake in Chicago Bridge & Iron Co. by 82.0% in the first quarter. Renaissance Technologies LLC now owns 320,130 shares of the company’s stock valued at $11,714,000 after buying an additional 144,200 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Chicago Bridge & Iron Co. by 1.1% in the first quarter. Legal & General Group Plc now owns 404,762 shares of the company’s stock valued at $14,813,000 after buying an additional 4,213 shares in the last quarter. 67.96% of the stock is currently owned by institutional investors and hedge funds.

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About Chicago Bridge & Iron Co.

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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