Chicago Bridge & Iron Company N.V. (NYSE:CBI) has been assigned a $18.00 price target by equities researchers at Citigroup Inc. in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the construction company’s stock. Citigroup Inc.’s price objective indicates a potential upside of 10.23% from the company’s previous close.

A number of other research firms also recently issued reports on CBI. Credit Suisse Group downgraded Chicago Bridge & Iron Company N.V. from an “outperform” rating to a “neutral” rating and set a $21.00 target price for the company. in a research report on Monday, July 24th. Robert W. Baird set a $15.00 target price on Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research report on Thursday, June 22nd. Wells Fargo & Company raised Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research report on Wednesday, June 28th. Bank of America Corporation started coverage on Chicago Bridge & Iron Company N.V. in a research report on Monday. They issued an “underperform” rating and a $14.00 target price for the company. Finally, MKM Partners reissued a “buy” rating and issued a $34.00 target price (down from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, May 19th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Chicago Bridge & Iron Company N.V. presently has an average rating of “Hold” and an average target price of $28.74.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) opened at 16.33 on Thursday. The company’s market capitalization is $1.65 billion. Chicago Bridge & Iron Company N.V. has a 1-year low of $12.91 and a 1-year high of $36.56. The company has a 50-day moving average price of $17.61 and a 200 day moving average price of $25.31. Chicago Bridge & Iron Company N.V. also was the target of unusually large options trading on Wednesday. Stock traders purchased 896 call options on the company. This is an increase of 197% compared to the typical volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its earnings results on Monday, May 8th. The construction company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by $0.71. Chicago Bridge & Iron Company N.V. had a positive return on equity of 17.98% and a negative net margin of 3.81%. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the business earned $1.01 earnings per share. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. Equities research analysts anticipate that Chicago Bridge & Iron Company N.V. will post $2.85 EPS for the current year.

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A number of large investors have recently bought and sold shares of the stock. US Bancorp DE raised its stake 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 valued at $2,705,000 after buying an additional 46,440 shares in the last quarter. Harbour Capital Advisors LLC raised its stake in Chicago Bridge & Iron Company N.V. by 1,873.0% in the second quarter. Harbour Capital Advisors LLC now owns 49,325 shares of the construction company’s stock valued at $2,500,000 after buying an additional 46,825 shares in the last quarter. GM Advisory Group Inc. acquired a new stake in Chicago Bridge & Iron Company N.V. during the first quarter valued at about $215,000. Highland Capital Management LLC raised its stake in Chicago Bridge & Iron Company N.V. by 3.7% in the second quarter. Highland Capital Management LLC now owns 43,686 shares of the construction company’s stock valued at $862,000 after buying an additional 1,570 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake 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 valued at $8,283,000 after buying an additional 10,228 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

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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