Chicago Bridge & Iron Co. (NYSE:CBI) has been given a $43.00 target price by MKM Partners in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. MKM Partners’ price objective indicates a potential upside of 27.41% from the company’s previous close.

A number of other equities analysts have also weighed in on CBI. Vetr upgraded Chicago Bridge & Iron Co. from a “hold” rating to a “buy” rating and set a $40.20 target price on the stock in a research note on Monday, July 25th. Citigroup Inc. lowered Chicago Bridge & Iron Co. from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $48.00 to $38.00 in a research note on Monday, July 25th. Standpoint Research restated a “buy” rating on shares of Chicago Bridge & Iron Co. in a research note on Wednesday, July 27th. Zacks Investment Research lowered Chicago Bridge & Iron Co. from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a $35.00 price objective on shares of Chicago Bridge & Iron Co. in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $39.14.

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

Chicago Bridge & Iron Co. (NYSE:CBI) last announced its earnings results on Thursday, October 27th. The company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.03. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.75 billion. Chicago Bridge & Iron Co. had a return on equity of 22.54% and a net margin of 2.51%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.54 earnings per share.

In related news, insider Patrick K. Mullen sold 18,567 shares of the firm’s stock in a transaction 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 owns 86,655 shares of the company’s stock, valued at approximately $2,512,128.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

A number of 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 last quarter. 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 last quarter. Edge Wealth Management LLC bought a new position in shares of Chicago Bridge & Iron Co. during the third quarter valued at approximately $140,000. Pinkerton Retirement Specialists LLC bought a new position in shares of Chicago Bridge & Iron Co. during the second quarter valued at approximately $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 last quarter. 67.96% of the stock is currently owned by hedge funds and other institutional investors.

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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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