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

CBI has been the subject of a number of other reports. Vertical Research reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, June 30th. Citigroup Inc. reissued a “hold” rating and set a $23.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, June 28th. Robert W. Baird lifted their target price on shares of 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. Deutsche Bank AG restated a “buy” rating on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, June 28th. Finally, Macquarie boosted their target price on Chicago Bridge & Iron Company N.V. from $10.00 to $14.00 and gave the stock a “sell” rating in a research note on Wednesday, June 28th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.05.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) opened at 16.67 on Monday. The stock has a 50 day moving average of $13.80 and a 200-day moving average of $19.97. The company’s market capitalization is $1.69 billion. Chicago Bridge & Iron Company N.V. has a one year low of $9.55 and a one year high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($3.81). The firm 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%. The business’s revenue was down 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 EPS. On average, equities analysts forecast that Chicago Bridge & Iron Company N.V. will post ($1.83) earnings per share for the current fiscal year.

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In other news, insider Daniel M. Mccarthy sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $16.04, for a total value of $120,300.00. Following the sale, the insider now owns 112,464 shares of the company’s stock, valued at $1,803,922.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hanson & Doremus Investment Management grew its stake in Chicago Bridge & Iron Company N.V. by 14.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock valued at $100,000 after buying an additional 650 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Chicago Bridge & Iron Company N.V. by 8.5% during the 1st quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock valued at $117,000 after acquiring an additional 300 shares during the period. Chicago Partners Investment Group LLC raised its holdings in Chicago Bridge & Iron Company N.V. by 907.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock valued at $130,000 after acquiring an additional 5,945 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Chicago Bridge & Iron Company N.V. by 47.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock valued at $152,000 after acquiring an additional 2,466 shares during the period. Finally, Ameritas Investment Partners Inc. raised its holdings in Chicago Bridge & Iron Company N.V. by 1,648.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock valued at $175,000 after acquiring an additional 8,343 shares during the period. 67.90% 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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