Chicago Bridge & Iron (NYSE:CBI) has received an average rating of “Hold” from the nineteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $19.73.

Several research firms recently commented on CBI. DA Davidson lowered Chicago Bridge & Iron from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Tuesday, December 19th. Macquarie upgraded Chicago Bridge & Iron from an “underperform” rating to a “neutral” rating in a research report on Tuesday, December 19th. ValuEngine upgraded Chicago Bridge & Iron from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered Chicago Bridge & Iron from a “hold” rating to a “strong sell” rating in a research report on Thursday. Finally, MKM Partners lowered Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a research report on Wednesday.

In other Chicago Bridge & Iron news, insider Daniel M. Mccarthy sold 7,500 shares of the firm’s 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 sale, the insider now owns 97,464 shares of the company’s stock, valued at $1,495,097.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 22,500 shares of company stock valued at $357,750. 1.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Chicago Bridge & Iron by 47.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock valued at $152,000 after acquiring an additional 2,466 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Chicago Bridge & Iron by 1,648.8% during the second quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock valued at $175,000 after acquiring an additional 8,343 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Chicago Bridge & Iron during the third quarter valued at approximately $176,000. Cubist Systematic Strategies LLC bought a new stake in shares of Chicago Bridge & Iron during the second quarter valued at approximately $177,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Chicago Bridge & Iron during the third quarter valued at approximately $196,000. 70.68% of the stock is owned by institutional investors and hedge funds.

Chicago Bridge & Iron (CBI) traded up $0.11 on Monday, reaching $18.05. The company had a trading volume of 3,189,400 shares, compared to its average volume of 4,020,000. The stock has a market capitalization of $1,830.00, a price-to-earnings ratio of -1.88, a P/E/G ratio of 1.05 and a beta of 2.22. Chicago Bridge & Iron has a 12 month low of $9.55 and a 12 month high of $36.15.

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

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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.

Analyst Recommendations for Chicago Bridge & Iron (NYSE:CBI)

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