Bank of America Corporation set a $10.00 price target on Chicago Bridge & Iron Company N.V. (NYSE:CBI) in a research note issued to investors on Wednesday. The firm currently has a sell rating on the construction company’s stock.

A number of other analysts have also recently weighed in on CBI. Citigroup Inc. lowered their price target on shares of Chicago Bridge & Iron Company N.V. from $36.00 to $32.00 and set a neutral rating on the stock in a report on Tuesday, May 9th. Jefferies Group LLC restated a buy rating and issued a $35.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Tuesday, May 9th. Credit Suisse Group set a $34.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a buy rating in a report on Wednesday, May 10th. Robert W. Baird restated a neutral rating and issued a $23.00 price target (down from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, May 17th. Finally, MKM Partners restated a buy rating and issued a $34.00 price target (down from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, May 19th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Chicago Bridge & Iron Company N.V. has an average rating of Hold and an average target price of $24.10.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) opened at 12.55 on Wednesday. The firm’s market cap is $1.27 billion. Chicago Bridge & Iron Company N.V. has a 12-month low of $9.55 and a 12-month high of $36.56. 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. (NYSE:CBI) last released its quarterly 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. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. The firm’s quarterly revenue was down 40.6% on a year-over-year basis. Analysts predict that Chicago Bridge & Iron Company N.V. will post ($1.79) EPS for the current year.

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Institutional investors have recently bought and sold shares of the company. Hanson & Doremus Investment Management raised 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 in the last quarter. Clearbridge Investments LLC raised 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 in the last quarter. Chicago Partners Investment Group LLC raised 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised 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 in the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in Chicago Bridge & Iron Company N.V. by 1,648.8% in the second quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock worth $175,000 after buying an additional 8,343 shares in the last quarter. 63.81% of the stock is owned by 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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