ValuEngine cut shares of Chicago Bridge & Iron (NYSE:CBI) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday, March 7th.
CBI has been the topic of a number of other reports. Zacks Investment Research cut Chicago Bridge & Iron from a hold rating to a sell rating in a report on Thursday, February 1st. KeyCorp raised Chicago Bridge & Iron to an overweight rating and set a $14.00 target price on the stock in a research report on Wednesday, January 24th. Robert W. Baird set a $17.00 target price on Chicago Bridge & Iron and gave the stock a hold rating in a research report on Wednesday, January 3rd. MKM Partners lowered Chicago Bridge & Iron from a buy rating to a neutral rating in a research report on Wednesday, January 3rd. Finally, Deutsche Bank lowered Chicago Bridge & Iron from a buy rating to a hold rating in a research report on Wednesday, December 20th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $19.07.
Shares of Chicago Bridge & Iron (CBI) opened at $17.55 on Wednesday. The stock has a market cap of $1,854.32, a PE ratio of -1.22, a PEG ratio of 0.99 and a beta of 2.45. Chicago Bridge & Iron has a 52-week low of $9.55 and a 52-week high of $31.69.
Chicago Bridge & Iron (NYSE:CBI) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.77 billion. Chicago Bridge & Iron had a negative return on equity of 17.65% and a negative net margin of 20.60%. equities analysts anticipate that Chicago Bridge & Iron will post 2.03 earnings per share for the current fiscal year.
In other Chicago Bridge & Iron news, EVP Daniel M. Mccarthy sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $16.07, for a total value of $120,525.00. Following the sale, the executive vice president now owns 89,964 shares of the company’s stock, valued at approximately $1,445,721.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CBI. The Manufacturers Life Insurance Company raised its holdings in shares of Chicago Bridge & Iron by 10,201.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 75,816 shares of the construction company’s stock valued at $1,495,000 after acquiring an additional 75,080 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Chicago Bridge & Iron during the 3rd quarter valued at about $300,000. Tocqueville Asset Management L.P. purchased a new position in shares of Chicago Bridge & Iron during the 3rd quarter valued at about $2,026,000. Wedbush Securities Inc. purchased a new position in shares of Chicago Bridge & Iron during the 3rd quarter valued at about $196,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Chicago Bridge & Iron during the 3rd quarter valued at about $646,000. 63.55% of the stock is currently owned by hedge funds and other institutional investors.
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Chicago Bridge & Iron Company Profile
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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