Published On: Thu, Sep 15th, 2016

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Chicago Bridge & Iron Co. (NYSE:CBI) had its target price reduced by research analysts at Macquarie from $25.00 to $20.00 in a research report issued on Thursday, StockTargetPrices.com reports. The firm presently has an “underperform” rating on the stock. Macquarie’s target price would indicate a potential downside of 28.21% from the stock’s previous close.
CBI has been the subject of several other research reports. Vetr raised shares of Chicago Bridge & Iron Co. from a “buy” rating to a “strong-buy” rating and set a $39.70 target price for the company in a report on Monday, August 1st. Zacks Investment Research downgraded shares of Chicago Bridge & Iron Co. from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Chicago Bridge & Iron Co. in a report on Monday, August 1st. Standpoint Research reaffirmed a “buy” rating on shares of Chicago Bridge & Iron Co. in a report on Wednesday, July 27th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $45.00 target price on shares of Chicago Bridge & Iron Co. in a report on Wednesday, June 29th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Chicago Bridge & Iron Co. presently has a consensus rating of “Buy” and a consensus price target of $43.52.
Chicago Bridge & Iron Co. (NYSE:CBI) traded down 0.18% on Thursday, hitting $27.81. The stock had a trading volume of 660,424 shares. Chicago Bridge & Iron Co. has a 52-week low of $27.64 and a 52-week high of $46.39. The firm’s market cap is $2.87 billion. The company’s 50 day moving average price is $32.02 and its 200 day moving average price is $35.58.

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Chicago Bridge & Iron Co. (NYSE:CBI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by $0.04. Chicago Bridge & Iron Co. had a negative net margin of 4.81% and a positive return on equity of 24.66%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm earned $1.55 EPS. The company’s revenue was down 15.9% on a year-over-year basis. Analysts expect that Chicago Bridge & Iron Co. will post $4.75 EPS for the current year.
In related news, insider Philip K. Asherman sold 53,400 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $34.06, for a total value of $1,818,804.00. Following the sale, the insider now directly owns 743,250 shares of the company’s stock, valued at approximately $25,315,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip K. Asherman sold 248,500 shares of the stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $32.96, for a total transaction of $8,190,560.00. Following the completion of the sale, the insider now directly owns 478,050 shares in the company, valued at $15,756,528. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. Exane Derivatives raised its stake in Chicago Bridge & Iron Co. by 0.8% in the second quarter. Exane Derivatives now owns 11,277 shares of the company’s stock worth $390,000 after buying an additional 88 shares during the period. IFP Advisors Inc raised its stake in Chicago Bridge & Iron Co. by 1.0% in the first quarter. IFP Advisors Inc now owns 9,991 shares of the company’s stock worth $366,000 after buying an additional 98 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Chicago Bridge & Iron Co. by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 18,495 shares of the company’s stock worth $640,000 after buying an additional 98 shares during the period. Compton Capital Management Inc. RI raised its stake in Chicago Bridge & Iron Co. by 0.9% in the first quarter. Compton Capital Management Inc. RI now owns 11,085 shares of the company’s stock worth $406,000 after buying an additional 100 shares during the period. Finally, Ronna Sue Cohen raised its stake in Chicago Bridge & Iron Co. by 0.3% in the first quarter. Ronna Sue Cohen now owns 41,601 shares of the company’s stock worth $1,522,000 after buying an additional 145 shares during the period. 66.02% of the stock is currently owned by institutional investors.
Chicago Bridge & Iron Co. Company Profile
Chicago Bridge & Iron Company N.V. (CB&I) provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

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