MKM Partners reiterated their buy rating on shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) in a report issued on Wednesday. They currently have a $21.00 price objective on the construction company’s stock, up from their previous price objective of $17.00.

CBI has been the subject of a number of other research reports. BidaskClub upgraded Chicago Bridge & Iron Company N.V. from a strong sell rating to a sell rating in a research report on Tuesday, June 27th. Credit Suisse Group set a $21.00 price target on Chicago Bridge & Iron Company N.V. and gave the company a buy rating in a research report on Tuesday, July 4th. Robert W. Baird set a $10.00 price target on Chicago Bridge & Iron Company N.V. and gave the company a hold rating in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $15.00 price target (down previously from $33.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Monday, June 12th. Finally, Macquarie reissued an underperform rating and set a $10.00 price objective (down from $11.50) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chicago Bridge & Iron Company N.V. has a consensus rating of Hold and an average target price of $20.19.

Chicago Bridge & Iron Company N.V. (CBI) traded up 0.37% on Wednesday, reaching $16.28. The company had a trading volume of 2,069,763 shares. The stock’s 50-day moving average price is $13.94 and its 200-day moving average price is $19.94. Chicago Bridge & Iron Company N.V. has a 12-month low of $9.55 and a 12-month high of $36.56. The stock’s market capitalization is $1.65 billion. Chicago Bridge & Iron Company N.V. also was the target of unusually large options trading on Wednesday. Stock investors bought 896 call options on the stock. This represents an increase of approximately 197% compared to the average daily volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the 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%. The firm’s revenue for the quarter was down 40.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 EPS. On average, equities research analysts anticipate that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current fiscal year.

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

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Chicago Bridge & Iron Company N.V. by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 8,368,949 shares of the construction company’s stock worth $257,345,000 after purchasing an additional 308,397 shares during the period. BlackRock Inc. increased its stake in Chicago Bridge & Iron Company N.V. by 51.9% in the 2nd quarter. BlackRock Inc. now owns 6,340,731 shares of the construction company’s stock worth $125,104,000 after purchasing an additional 2,165,509 shares during the period. FMR LLC increased its stake in Chicago Bridge & Iron Company N.V. by 832.8% in the 1st quarter. FMR LLC now owns 5,253,638 shares of the construction company’s stock worth $161,550,000 after purchasing an additional 4,690,447 shares during the period. State Street Corp increased its stake in Chicago Bridge & Iron Company N.V. by 181.4% in the 2nd quarter. State Street Corp now owns 4,059,198 shares of the construction company’s stock worth $80,086,000 after purchasing an additional 2,616,783 shares during the period. Finally, Fairpointe Capital LLC increased its stake in Chicago Bridge & Iron Company N.V. by 41.9% in the 2nd quarter. Fairpointe Capital LLC now owns 4,048,371 shares of the construction company’s stock worth $79,875,000 after purchasing an additional 1,196,110 shares during the period. 67.90% of the stock is currently owned by institutional investors and hedge funds.

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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