Chicago Bridge & Iron (CBI) Trading Down 1.2%

Chicago Bridge & Iron (NYSE:CBI) traded down 1.2% during mid-day trading on Monday . The stock traded as low as $13.13 and last traded at $14.02. 1,111,823 shares were traded during trading, a decline of 65% from the average session volume of 3,175,484 shares. The stock had previously closed at $13.86.

Several equities research analysts have issued reports on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $16.00 target price on shares of Chicago Bridge & Iron in a research note on Monday, April 9th. Zacks Investment Research cut shares of Chicago Bridge & Iron from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. MKM Partners cut shares of Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 3rd. Deutsche Bank cut shares of Chicago Bridge & Iron from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, ValuEngine cut shares of Chicago Bridge & Iron from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Chicago Bridge & Iron has an average rating of “Hold” and an average target price of $17.29.

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The stock has a market cap of $1,417.59, a price-to-earnings ratio of -8.15, a PEG ratio of 0.79 and a beta of 2.44.

Chicago Bridge & Iron (NYSE:CBI) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Chicago Bridge & Iron had a negative net margin of 20.60% and a negative return on equity of 17.65%. equities analysts forecast that Chicago Bridge & Iron will post 1.94 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Global X Management Co. LLC raised its holdings in Chicago Bridge & Iron by 75.4% in the 4th quarter. Global X Management Co. LLC now owns 6,971 shares of the construction company’s stock valued at $113,000 after buying an additional 2,996 shares during the period. Traynor Capital Management Inc. raised its holdings in Chicago Bridge & Iron by 27.3% in the 4th quarter. Traynor Capital Management Inc. now owns 16,794 shares of the construction company’s stock valued at $271,000 after buying an additional 3,600 shares during the period. First Trust Advisors LP raised its holdings in Chicago Bridge & Iron by 23.3% in the 4th quarter. First Trust Advisors LP now owns 21,994 shares of the construction company’s stock valued at $355,000 after buying an additional 4,159 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in Chicago Bridge & Iron in the 4th quarter valued at about $102,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in Chicago Bridge & Iron by 20.0% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 45,600 shares of the construction company’s stock valued at $736,000 after buying an additional 7,600 shares during the period. Hedge funds and other institutional investors own 63.74% of the company’s stock.

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About Chicago Bridge & Iron

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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