Chicago Bridge & Iron Company N.V. (NYSE:CBI) Downgraded to Strong Sell at ValuEngine

Chicago Bridge & Iron Company N.V. (NYSE:CBI) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday, September 1st.

A number of other analysts also recently weighed in on CBI. UBS AG restated a “buy” rating and issued a $21.00 price objective (down from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, May 24th. Deutsche Bank AG set a $21.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research report on Thursday, August 10th. Credit Suisse Group reaffirmed a “neutral” rating and set a $13.00 price target on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, August 11th. BidaskClub cut shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Finally, Citigroup Inc. set a $18.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a research report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.63.

Chicago Bridge & Iron Company N.V. (NYSE CBI) traded up 1.28% during trading on Friday, hitting $15.05. The stock had a trading volume of 2,718,272 shares. Chicago Bridge & Iron Company N.V. has a 12-month low of $9.55 and a 12-month high of $36.56. The company’s market cap is $1.52 billion. The company has a 50 day moving average of $13.66 and a 200-day moving average of $21.39.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($3.81). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative return on equity of 3.92% and a negative net margin of 10.54%. The firm’s quarterly revenue was down 40.6% on a year-over-year basis. During the same quarter last year, the company posted $1.17 earnings per share. On average, equities analysts predict that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current year.

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Large investors have recently made changes to their positions in the business. Clearbridge Investments LLC boosted its holdings in Chicago Bridge & Iron Company N.V. by 8.5% in the 1st quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock valued at $117,000 after purchasing an additional 300 shares during the period. Hanson & Doremus Investment Management boosted its holdings in Chicago Bridge & Iron Company N.V. by 14.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock valued at $100,000 after purchasing an additional 650 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Chicago Bridge & Iron Company N.V. by 136.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,231 shares of the construction company’s stock valued at $160,000 after purchasing an additional 3,021 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Chicago Bridge & Iron Company N.V. by 907.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock valued at $130,000 after purchasing an additional 5,945 shares during the period. Finally, Sawtooth Solutions LLC bought a new position in Chicago Bridge & Iron Company N.V. in the 1st quarter valued at $203,000. 67.82% of the stock is owned by hedge funds and other institutional investors.

Chicago Bridge & Iron Company N.V. 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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Analyst Recommendations for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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