Chicago Bridge & Iron Company N.V. (CBI) Stock Rating Reaffirmed by Credit Suisse Group

Chicago Bridge & Iron Company N.V. (NYSE:CBI)‘s stock had its “hold” rating reissued by research analysts at Credit Suisse Group in a research note issued to investors on Wednesday. They presently have a $13.00 price target on the construction company’s stock. Credit Suisse Group’s target price indicates a potential downside of 12.52% from the stock’s previous close.

CBI has been the topic of several other research reports. ValuEngine downgraded shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Bank of America Corporation set a $17.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “sell” rating in a report on Tuesday, July 4th. Deutsche Bank AG set a $13.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a report on Tuesday, August 22nd. BidaskClub upgraded shares of Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Robert W. Baird set a $15.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a report on Thursday, June 22nd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.63.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) opened at 14.86 on Wednesday. The company’s 50-day moving average is $13.75 and its 200 day moving average is $21.53. The company’s market capitalization is $1.50 billion. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings data on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($3.81). The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The business’s revenue for the quarter was down 40.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. On average, equities research analysts anticipate that Chicago Bridge & Iron Company N.V. will post ($1.83) earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers acquired a new stake in shares of Chicago Bridge & Iron Company N.V. during the 2nd quarter worth approximately $761,000. Sterneck Capital Management LLC acquired a new stake in Chicago Bridge & Iron Company N.V. in the 2nd quarter valued at $1,657,000. Koch Industries Inc. acquired a new stake in Chicago Bridge & Iron Company N.V. in the 2nd quarter valued at $314,000. Verition Fund Management LLC acquired a new stake in Chicago Bridge & Iron Company N.V. in the 2nd quarter valued at $467,000. Finally, Ameritas Investment Partners Inc. grew its stake in Chicago Bridge & Iron Company N.V. by 1,648.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock valued at $175,000 after acquiring an additional 8,343 shares during the period. 67.82% of the stock is currently owned by institutional investors and hedge funds.

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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