Investment Analysts’ Weekly Ratings Changes for Chicago Bridge & Iron (CBI)

Several brokerages have updated their recommendations and price targets on shares of Chicago Bridge & Iron (NYSE: CBI) in the last few weeks:

  • 1/4/2018 – Chicago Bridge & Iron was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Chicago Bridge & Iron has had a dismal earnings surprise history, having missed estimates by a huge margin in each of the four trailing quarters. In the recently reported quarter, the company’s margins were deeply affected by a rise in cost on IPL and Calpine power projects as well as with execution of its other projects. Decline in both U.S. storage tank work and federal government spending, along with constant project deferrals are proving to be major headwinds. The company’s net contract capital position for continuing operations also declined steeply on a sequential quarter basis, which impacted cash flow adversely. In light of such adversity, the company’s shares have dismally underperformed the industry average in the past year. However, the company has taken a flurry of measures to address its chronically poor project execution, improve efficiency and strengthen its balance sheet.”
  • 1/3/2018 – Chicago Bridge & Iron was given a new $17.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 1/3/2018 – Chicago Bridge & Iron was downgraded by analysts at MKM Partners from a “buy” rating to a “neutral” rating.
  • 12/20/2017 – Chicago Bridge & Iron was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating.
  • 12/19/2017 – Chicago Bridge & Iron was upgraded by analysts at Macquarie from an “underperform” rating to a “neutral” rating.
  • 12/19/2017 – Chicago Bridge & Iron was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating. They now have a $19.00 price target on the stock.
  • 12/1/2017 – Chicago Bridge & Iron was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

Chicago Bridge & Iron (CBI) traded down $0.24 on Tuesday, hitting $18.13. 3,229,329 shares of the company’s stock traded hands, compared to its average volume of 4,120,000. Chicago Bridge & Iron has a twelve month low of $9.55 and a twelve month high of $36.15. The company has a market cap of $1,840.00, a P/E ratio of -1.88, a PEG ratio of 1.05 and a beta of 2.22.

Chicago Bridge & Iron (NYSE:CBI) last released its quarterly earnings data on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.19). Chicago Bridge & Iron had a negative net margin of 13.33% and a negative return on equity of 10.86%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was down 18.7% on a year-over-year basis. equities research analysts predict that Chicago Bridge & Iron will post -1.98 earnings per share for the current year.

In related news, insider Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $15.34, for a total value of $115,050.00. Following the completion of the transaction, the insider now owns 97,464 shares of the company’s stock, valued at approximately $1,495,097.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 22,500 shares of company stock valued at $357,750 in the last three months. Insiders own 1.10% of the company’s stock.

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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