Chicago Bridge & Iron Company N.V. (CBI) Earns “Buy” Rating from Deutsche Bank AG

Chicago Bridge & Iron Company N.V. (NYSE:CBI)‘s stock had its “buy” rating reaffirmed by Deutsche Bank AG in a report issued on Wednesday, June 28th.

A number of other research firms have also recently issued reports on CBI. Robert W. Baird set a $15.00 price objective on Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a research report on Thursday, June 22nd. Wells Fargo & Company upgraded Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research note on Wednesday, June 28th. Credit Suisse Group set a $40.00 price objective on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research note on Saturday, April 22nd. TheStreet lowered Chicago Bridge & Iron Company N.V. from a “c” rating to a “d+” rating in a research note on Friday, March 3rd. Finally, Zacks Investment Research lowered Chicago Bridge & Iron Company N.V. from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Chicago Bridge & Iron Company N.V. currently has a consensus rating of “Hold” and a consensus target price of $29.05.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded up 1.48% during midday trading on Wednesday, reaching $18.54. The company’s stock had a trading volume of 2,969,118 shares. The stock has a 50-day moving average price of $17.23 and a 200 day moving average price of $26.18. The stock’s market capitalization is $1.87 billion. Chicago Bridge & Iron Company N.V. has a 52 week low of $12.91 and a 52 week high of $36.56. 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 is an increase of approximately 197% compared to the average daily volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings data on Monday, May 8th. The construction company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by $0.71. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.42 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. Chicago Bridge & Iron Company N.V.’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. Equities analysts forecast that Chicago Bridge & Iron Company N.V. will post $2.96 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Chicago Bridge & Iron Company N.V. during the fourth quarter worth about $546,000. Barings LLC acquired a new position in Chicago Bridge & Iron Company N.V. during the fourth quarter worth approximately $505,000. Ladenburg Thalmann Financial Services Inc. increased its position in Chicago Bridge & Iron Company N.V. by 36.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,834 shares of the construction company’s stock worth $759,000 after buying an additional 6,380 shares in the last quarter. AQR Capital Management LLC acquired a new position in Chicago Bridge & Iron Company N.V. during the fourth quarter worth approximately $11,045,000. Finally, Tudor Investment Corp Et Al acquired a new position in Chicago Bridge & Iron Company N.V. during the fourth quarter worth approximately $321,000. Hedge funds and other institutional investors own 65.74% of the company’s stock.

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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