Robert W. Baird Raises Chicago Bridge & Iron Company N.V. (CBI) Price Target to $11.00

Chicago Bridge & Iron Company N.V. (NYSE:CBI) had its price target increased by Robert W. Baird from $10.00 to $11.00 in a report issued on Tuesday. The firm currently has a neutral rating on the construction company’s stock.

A number of other analysts have also recently commented on CBI. Bank of America Corporation set a $17.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a sell rating in a research note on Tuesday, July 4th. Credit Suisse Group set a $21.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a buy rating in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Chicago Bridge & Iron Company N.V. from a sell rating to a hold rating in a research note on Thursday, July 6th. Citigroup Inc restated a neutral rating and set a $20.00 price target (down from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG set a $21.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a buy rating in a research note on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $20.79.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) opened at $15.96 on Tuesday. Chicago Bridge & Iron Company N.V. has a 52 week low of $9.55 and a 52 week high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly 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). The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.80 billion. 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’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share. sell-side analysts expect that Chicago Bridge & Iron Company N.V. will post -1.91 earnings per share for the current year.

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In other news, EVP Daniel M. Mccarthy sold 7,500 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $16.29, for a total transaction of $122,175.00. Following the sale, the executive vice president now owns 104,964 shares in the company, valued at approximately $1,709,863.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Clearbridge Investments LLC raised its position in shares of 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 valued at $117,000 after buying an additional 300 shares in the last quarter. Hanson & Doremus Investment Management raised its position in shares of 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 valued at $100,000 after buying an additional 650 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of 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 valued at $130,000 after buying an additional 5,945 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Chicago Bridge & Iron Company N.V. by 6.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 6,867 shares of the construction company’s stock valued at $211,000 after buying an additional 410 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of 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 valued at $152,000 after buying an additional 2,466 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.

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