ValuEngine upgraded shares of Chicago Bridge & Iron (NYSE:CBI) from a strong sell rating to a sell rating in a report released on Friday.

CBI has been the topic of several other research reports. Deutsche Bank set a $13.00 price objective on Chicago Bridge & Iron and gave the company a buy rating in a research note on Tuesday, August 22nd. Bank of America set a $10.00 price objective on Chicago Bridge & Iron and gave the company a sell rating in a research note on Wednesday, August 30th. Robert W. Baird reiterated a hold rating and issued a $10.00 price objective on shares of Chicago Bridge & Iron in a research note on Sunday, October 22nd. Credit Suisse Group upped their price objective on Chicago Bridge & Iron from $13.00 to $15.00 and gave the company a neutral rating in a research note on Friday, November 3rd. Finally, BidaskClub upgraded Chicago Bridge & Iron from a strong sell rating to a sell rating in a research note on Friday, August 25th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Chicago Bridge & Iron currently has a consensus rating of Hold and a consensus target price of $20.79.

Chicago Bridge & Iron (CBI) traded up $0.76 during trading on Friday, reaching $17.08. The company had a trading volume of 3,380,900 shares, compared to its average volume of 3,676,015. Chicago Bridge & Iron has a fifty-two week low of $9.55 and a fifty-two week high of $36.56.

Chicago Bridge & Iron (NYSE:CBI) last posted its quarterly earnings data on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.19). Chicago Bridge & Iron had a negative net margin of 13.33% and a negative return on equity of 10.86%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company posted $1.20 EPS. Chicago Bridge & Iron’s revenue for the quarter was down 18.7% on a year-over-year basis. equities analysts expect that Chicago Bridge & Iron will post -1.98 EPS for the current year.

In other Chicago Bridge & Iron news, insider Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $15.34, for a total transaction of $115,050.00. Following the sale, the insider now owns 97,464 shares in the company, valued at $1,495,097.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 22,500 shares of company stock worth $357,525. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently modified their holdings of CBI. Teachers Advisors LLC raised its position in shares of Chicago Bridge & Iron by 9.2% in the first quarter. Teachers Advisors LLC now owns 144,719 shares of the construction company’s stock worth $4,450,000 after buying an additional 12,219 shares in the last quarter. Aperio Group LLC raised its position in shares of Chicago Bridge & Iron by 28.9% in the second quarter. Aperio Group LLC now owns 17,221 shares of the construction company’s stock worth $340,000 after buying an additional 3,859 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of Chicago Bridge & Iron by 1,873.0% in the second quarter. Harbour Capital Advisors LLC now owns 49,325 shares of the construction company’s stock worth $2,500,000 after buying an additional 46,825 shares in the last quarter. Birmingham Capital Management Co. Inc. AL raised its position in shares of Chicago Bridge & Iron by 0.7% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 40,775 shares of the construction company’s stock worth $804,000 after buying an additional 300 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Chicago Bridge & Iron by 127.6% in the second quarter. Daiwa Securities Group Inc. now owns 70,110 shares of the construction company’s stock worth $1,383,000 after buying an additional 39,300 shares in the last quarter. Institutional investors own 66.69% of the company’s stock.

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Chicago Bridge & Iron 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 (NYSE:CBI)

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