Robert W. Baird reiterated their hold rating on shares of Chicago Bridge & Iron (NYSE:CBI) in a research report sent to investors on Monday morning. The brokerage currently has a $14.00 target price on the construction company’s stock.
Other research analysts have also recently issued research reports about the company. MKM Partners cut Chicago Bridge & Iron from a buy rating to a neutral rating in a research note on Wednesday, January 3rd. KeyCorp raised Chicago Bridge & Iron to an overweight rating and set a $14.00 price objective on the stock in a research note on Wednesday, January 24th. Zacks Investment Research cut Chicago Bridge & Iron from a hold rating to a sell rating in a research note on Thursday, February 1st. Finally, ValuEngine raised Chicago Bridge & Iron from a strong sell rating to a sell rating in a research note on Thursday, March 1st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $17.00.
CBI opened at $14.01 on Monday. The company has a market cap of $1,412.47, a PE ratio of -7.53, a price-to-earnings-growth ratio of 0.85 and a beta of 2.44. Chicago Bridge & Iron has a one year low of $9.55 and a one year high of $31.20.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA bought a new stake in Chicago Bridge & Iron during the 4th quarter valued at $102,000. Global X Management Co. LLC boosted its position in Chicago Bridge & Iron by 75.4% during the 4th quarter. Global X Management Co. LLC now owns 6,971 shares of the construction company’s stock valued at $113,000 after acquiring an additional 2,996 shares in the last quarter. Investors Research Corp bought a new stake in Chicago Bridge & Iron during the 4th quarter valued at $177,000. X Square Capital LLC purchased a new stake in shares of Chicago Bridge & Iron during the 4th quarter valued at $182,000. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of Chicago Bridge & Iron during the 4th quarter valued at $211,000. 63.16% of the stock is currently owned by institutional investors and hedge funds.
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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