Analysts Set Chicago Bridge & Iron (CBI) Price Target at $19.33
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.
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.
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