Chicago Bridge & Iron Company N.V. (NYSE:CBI) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Friday.

CBI has been the subject of a number of other research reports. Credit Suisse Group set a $21.00 target price on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research report on Tuesday, July 4th. Deutsche Bank AG boosted 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. Robert W. Baird set a $10.00 target price on Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) restated 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. Finally, Macquarie restated an “underperform” rating and set a $10.00 target price (down previously from $11.50) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, June 21st. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Chicago Bridge & Iron Company N.V. currently has a consensus rating of “Hold” and an average target price of $24.34.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) opened at 10.99 on Friday. The stock’s market capitalization is $1.11 billion. The company has a 50 day moving average of $15.42 and a 200 day moving average of $23.46. Chicago Bridge & Iron Company N.V. has a 52-week low of $9.55 and a 52-week high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $3.81. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative return on equity of 3.92% and a negative net margin of 10.54%. The company’s revenue was down 40.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 EPS. Analysts predict that Chicago Bridge & Iron Company N.V. will post ($1.79) EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hanson & Doremus Investment Management boosted its position in Chicago Bridge & Iron Company N.V. by 14.8% in the second quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock worth $100,000 after buying an additional 650 shares during the last quarter. Clearbridge Investments LLC boosted its position in Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after buying an additional 300 shares during the last quarter. Brick & Kyle Associates boosted its position in Chicago Bridge & Iron Company N.V. by 14.5% in the first quarter. Brick & Kyle Associates now owns 3,950 shares of the construction company’s stock worth $121,000 after buying an additional 500 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Chicago Bridge & Iron Company N.V. by 907.6% in the second quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock worth $130,000 after buying an additional 5,945 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Chicago Bridge & Iron Company N.V. by 47.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock worth $152,000 after buying an additional 2,466 shares during the last quarter. 65.63% of the stock is owned by hedge funds and other institutional investors.

Chicago Bridge & Iron Company N.V. Company Profile

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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