Chicago Bridge & Iron Company N.V. (CBI) Given New $17.00 Price Target at UBS AG

Chicago Bridge & Iron Company N.V. (NYSE:CBI) had its price target raised by UBS AG from $13.00 to $17.00 in a report issued on Wednesday. The firm currently has a neutral rating on the construction company’s stock.

CBI has been the topic of a number of other research reports. ValuEngine cut Chicago Bridge & Iron Company N.V. from a sell rating to a strong sell rating in a research note on Friday, September 1st. Bank of America Corporation set a $17.00 price objective on Chicago Bridge & Iron Company N.V. and gave the stock a sell rating in a research note on Tuesday, July 4th. Deutsche Bank AG set a $13.00 price objective on Chicago Bridge & Iron Company N.V. and gave the stock a buy rating in a research note on Tuesday, August 22nd. Robert W. Baird reaffirmed a hold rating and set a $10.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research report on Sunday, October 22nd. Finally, Credit Suisse Group reaffirmed a hold rating and set a $13.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, September 13th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five 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 an average rating of Hold and an average target price of $20.65.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its quarterly earnings data on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.19). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.80 billion. Chicago Bridge & Iron Company N.V. had a negative return on equity of 10.47% and a negative net margin of 13.33%. The company’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS.

COPYRIGHT VIOLATION NOTICE: “Chicago Bridge & Iron Company N.V. (CBI) Given New $17.00 Price Target at UBS AG” was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.com-unik.info/2017/11/02/chicago-bridge-iron-company-n-v-cbi-given-new-17-00-price-target-at-ubs-ag.html.

In other news, EVP Daniel M. Mccarthy sold 7,500 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $16.29, for a total value of $122,175.00. Following the transaction, the executive vice president now directly owns 104,964 shares of the company’s stock, valued at $1,709,863.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

A number of large investors have recently modified their holdings of CBI. BlackRock Inc. boosted its holdings in Chicago Bridge & Iron Company N.V. by 3,280.3% in the first quarter. BlackRock Inc. now owns 4,175,222 shares of the construction company’s stock worth $128,389,000 after purchasing an additional 4,051,706 shares in the last quarter. State Street Corp boosted its holdings in Chicago Bridge & Iron Company N.V. by 181.4% in the second quarter. State Street Corp now owns 4,059,198 shares of the construction company’s stock worth $80,086,000 after purchasing an additional 2,616,783 shares in the last quarter. Beck Mack & Oliver LLC boosted its holdings in Chicago Bridge & Iron Company N.V. by 364.0% in the second quarter. Beck Mack & Oliver LLC now owns 2,617,131 shares of the construction company’s stock worth $51,636,000 after purchasing an additional 2,053,099 shares in the last quarter. Fairpointe Capital LLC boosted its holdings in Chicago Bridge & Iron Company N.V. by 41.9% in the second quarter. Fairpointe Capital LLC now owns 4,048,371 shares of the construction company’s stock worth $79,875,000 after purchasing an additional 1,196,110 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Chicago Bridge & Iron Company N.V. by 80.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,767,093 shares of the construction company’s stock worth $54,337,000 after purchasing an additional 787,219 shares in the last quarter. Hedge funds and other institutional investors own 68.48% 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)

What are top analysts saying about Chicago Bridge & Iron Company N.V.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Chicago Bridge & Iron Company N.V. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit