Chicago Bridge & Iron Company N.V. (NYSE:CBI) has been given a $17.00 target price by Bank of America Corporation in a research note issued to investors on Tuesday, July 4th. The firm presently has a “sell” rating on the construction company’s stock. Bank of America Corporation’s price target would suggest a potential upside of 0.18% from the stock’s previous close.

CBI has been the subject of a number of other research reports. BidaskClub upgraded Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Deutsche Bank AG increased their target price on Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $15.00 target price (down previously from $33.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Monday, June 12th. MKM Partners reiterated a “buy” rating and set a $41.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, March 28th. Finally, Robert W. Baird increased their target price on Chicago Bridge & Iron Company N.V. from $15.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Chicago Bridge & Iron Company N.V. currently has a consensus rating of “Hold” and a consensus price target of $29.05.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) traded down 3.41% on Tuesday, reaching $16.97. The company’s stock had a trading volume of 4,404,472 shares. Chicago Bridge & Iron Company N.V. has a 12-month low of $12.91 and a 12-month high of $36.56. The company’s market capitalization is $1.71 billion. The company’s 50-day moving average is $17.37 and its 200 day moving average is $25.88.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its quarterly earnings results on Monday, May 8th. The construction company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by $0.71. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Chicago Bridge & Iron Company N.V. had a positive return on equity of 17.98% and a negative net margin of 3.81%. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS. Equities analysts anticipate that Chicago Bridge & Iron Company N.V. will post $3.08 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in Chicago Bridge & Iron Company N.V. by 832.8% in the first quarter. FMR LLC now owns 5,253,638 shares of the construction company’s stock valued at $161,550,000 after buying an additional 4,690,447 shares during the last quarter. BlackRock Inc. raised its stake in Chicago Bridge & Iron Company N.V. by 3,280.3% in the first quarter. BlackRock Inc. now owns 4,175,222 shares of the construction company’s stock valued at $128,389,000 after buying an additional 4,051,706 shares during the last quarter. Beck Mack & Oliver LLC raised its stake in Chicago Bridge & Iron Company N.V. by 364.0% in the second quarter. Beck Mack & Oliver LLC now owns 2,617,131 shares of the construction company’s stock valued at $51,636,000 after buying an additional 2,053,099 shares during the last quarter. First Trust Advisors LP raised its stake in Chicago Bridge & Iron Company N.V. by 9,464.8% in the first quarter. First Trust Advisors LP now owns 942,798 shares of the construction company’s stock valued at $28,991,000 after buying an additional 932,941 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Chicago Bridge & Iron Company N.V. by 80.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,767,093 shares of the construction company’s stock valued at $54,337,000 after buying an additional 787,219 shares during the last quarter. 65.27% of the stock is 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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