ValuEngine cut shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) from a sell rating to a strong sell rating in a research note released on Friday.

A number of other research firms have also recently commented on CBI. Citigroup Inc. decreased their price target on 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 reissued a buy rating and set 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 Chicago Bridge & Iron Company N.V. and gave the company a buy rating in a report on Wednesday, May 10th. Vertical Research reissued a buy rating and set a $45.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, June 30th. Finally, Robert W. Baird reissued a neutral rating and set 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. 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 assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $24.10.

Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 13.12 on Friday. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56. The stock has a 50 day moving average price of $14.70 and a 200 day moving average price of $22.71. The stock’s market capitalization is $1.33 billion.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $3.81. The company had revenue of $1.28 billion during 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%. Chicago Bridge & Iron Company N.V.’s revenue for the quarter was down 40.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. On average, equities research analysts forecast that Chicago Bridge & Iron Company N.V. will post ($1.79) earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of CBI. FMR LLC grew its position in shares of Chicago Bridge & Iron Company N.V. by 832.8% during the first quarter. FMR LLC now owns 5,253,638 shares of the construction company’s stock valued at $161,550,000 after purchasing an additional 4,690,447 shares in the last quarter. BlackRock Inc. grew its position 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 worth $128,389,000 after acquiring an additional 4,051,706 shares in the last quarter. State Street Corp grew its position in Chicago Bridge & Iron Company N.V. by 181.4% in the second quarter. State Street Corp now owns 4,059,198 shares of the construction company’s stock worth $80,086,000 after acquiring an additional 2,616,783 shares in the last quarter. Beck Mack & Oliver LLC grew its position 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 worth $51,636,000 after acquiring an additional 2,053,099 shares in the last quarter. Finally, Fairpointe Capital LLC grew its position in Chicago Bridge & Iron Company N.V. by 41.9% in the second quarter. Fairpointe Capital LLC now owns 4,048,371 shares of the construction company’s stock worth $79,875,000 after acquiring an additional 1,196,110 shares in the last quarter. Hedge funds and other institutional investors own 63.81% of the company’s stock.

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.

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Analyst Recommendations for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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