Chicago Bridge & Iron Company N.V. (NYSE:CBI) Earns “Buy” Rating from DA Davidson

Chicago Bridge & Iron Company N.V. (NYSE:CBI)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a report issued on Thursday. They presently have a $25.00 price target on the construction company’s stock, down from their previous price target of $40.00. DA Davidson’s price objective suggests a potential upside of 108.86% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Deutsche Bank AG raised their price objective on shares of Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. MKM Partners restated a “buy” rating and set a $34.00 price objective (down from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, May 19th. Credit Suisse Group reduced their price objective on shares of Chicago Bridge & Iron Company N.V. from $34.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, June 19th. They noted that the move was a valuation call. Macquarie restated 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 research note on Wednesday, June 21st. Finally, Citigroup Inc. restated a “neutral” rating and set a $20.00 price objective (down from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.63.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded down 26.70% on Thursday, reaching $11.97. 32,846,325 shares of the company traded hands. The company’s market capitalization is $1.21 billion. Chicago Bridge & Iron Company N.V. has a one year low of $10.54 and a one year high of $36.56. The stock’s 50 day moving average price is $17.58 and its 200 day moving average price is $25.22. Chicago Bridge & Iron Company N.V. also was the target of some unusual options trading activity on Wednesday. Stock traders acquired 896 call options on the company. This represents an increase of 197% compared to the typical volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings data 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. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. 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 posted $1.17 earnings per share. On average, equities research analysts predict that Chicago Bridge & Iron Company N.V. will post $2.85 EPS for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC increased its position in Chicago Bridge & Iron Company N.V. by 20.6% in the fourth quarter. Teachers Advisors LLC now owns 132,500 shares of the construction company’s stock worth $4,207,000 after buying an additional 22,593 shares during the last quarter. Bank of Montreal Can increased its position in Chicago Bridge & Iron Company N.V. by 72.4% in the first quarter. Bank of Montreal Can now owns 46,087 shares of the construction company’s stock worth $1,418,000 after buying an additional 19,361 shares during the last quarter. Americafirst Capital Management LLC increased its position in Chicago Bridge & Iron Company N.V. by 8.0% in the first quarter. Americafirst Capital Management LLC now owns 9,851 shares of the construction company’s stock worth $303,000 after buying an additional 732 shares during the last quarter. Reilly Financial Advisors LLC increased its position in Chicago Bridge & Iron Company N.V. by 3.6% in the first quarter. Reilly Financial Advisors LLC now owns 239,358 shares of the construction company’s stock worth $7,360,000 after buying an additional 8,265 shares during the last quarter. Finally, SFE Investment Counsel increased its position in Chicago Bridge & Iron Company N.V. by 3.8% in the first quarter. SFE Investment Counsel now owns 180,935 shares of the construction company’s stock worth $5,564,000 after buying an additional 6,609 shares during the last quarter. 67.19% of the stock is currently 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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