Chicago Bridge & Iron Company N.V. (CBI) Price Target Raised to $15.00 at Credit Suisse Group

Chicago Bridge & Iron Company N.V. (NYSE:CBI) had its price objective raised by Credit Suisse Group from $13.00 to $15.00 in a research report report published on Friday. The brokerage currently has a neutral rating on the construction company’s stock.

A number of other equities analysts have also weighed in on CBI. Jefferies Group LLC set a $15.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the stock a hold rating in a research report on Tuesday. UBS AG upped their target price on shares of Chicago Bridge & Iron Company N.V. from $13.00 to $17.00 and gave the stock a neutral rating in a research report on Wednesday. Deutsche Bank AG set a $21.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a buy rating in a research report on Thursday, August 10th. BidaskClub lowered shares of Chicago Bridge & Iron Company N.V. from a sell rating to a strong sell rating in a research report on Saturday, August 12th. Finally, Citigroup Inc. set a $18.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a hold rating in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Chicago Bridge & Iron Company N.V. presently has a consensus rating of Hold and a consensus target price of $20.79.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded up $1.60 during mid-day trading on Friday, reaching $15.96. 4,417,412 shares of the company’s stock were exchanged, compared to its average volume of 2,833,775. Chicago Bridge & Iron Company N.V. has a twelve month low of $9.55 and a twelve month high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its earnings results 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). Chicago Bridge & Iron Company N.V. had a negative net margin of 13.33% and a negative return on equity of 10.86%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was down 18.7% on a year-over-year basis. equities research analysts predict that Chicago Bridge & Iron Company N.V. will post -1.91 EPS for the current year.

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In other Chicago Bridge & Iron Company N.V. news, EVP Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $16.29, for a total transaction of $122,175.00. Following the transaction, the executive vice president now directly owns 104,964 shares in the company, valued at approximately $1,709,863.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of CBI. Hanson & Doremus Investment Management grew its holdings in Chicago Bridge & Iron Company N.V. by 14.8% during the 2nd quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock worth $100,000 after acquiring an additional 650 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Chicago Bridge & Iron Company N.V. by 8.5% during the 1st quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after acquiring an additional 300 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in Chicago Bridge & Iron Company N.V. by 907.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock worth $130,000 after acquiring an additional 5,945 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Chicago Bridge & Iron Company N.V. by 47.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock worth $152,000 after acquiring an additional 2,466 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in Chicago Bridge & Iron Company N.V. by 1,648.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock worth $175,000 after acquiring an additional 8,343 shares in the last quarter. 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.

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