Shares of Chicago Bridge & Iron (NYSE:CBI) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.80.
CBI has been the subject of several research reports. Robert W. Baird reiterated a “hold” rating and issued a $16.00 target price on shares of Chicago Bridge & Iron in a report on Monday, April 9th. ValuEngine cut Chicago Bridge & Iron from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 7th. Finally, Citigroup lowered their target price on Chicago Bridge & Iron from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, April 24th.
Institutional investors have recently added to or reduced their stakes in the business. Global X Management Co. LLC raised its stake in Chicago Bridge & Iron by 75.4% in the fourth 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 last quarter. BlackRock Inc. raised its stake in Chicago Bridge & Iron by 2.1% in the fourth quarter. BlackRock Inc. now owns 6,578,196 shares of the construction company’s stock valued at $106,172,000 after buying an additional 135,848 shares during the last quarter. Clearbridge Investments LLC raised its stake in Chicago Bridge & Iron by 21.0% in the fourth quarter. Clearbridge Investments LLC now owns 125,364 shares of the construction company’s stock valued at $2,023,000 after buying an additional 21,758 shares during the last quarter. Fairpointe Capital LLC raised its stake in Chicago Bridge & Iron by 19.6% in the fourth quarter. Fairpointe Capital LLC now owns 6,031,931 shares of the construction company’s stock valued at $97,356,000 after buying an additional 987,820 shares during the last quarter. Finally, Yakira Capital Management Inc. purchased a new stake in Chicago Bridge & Iron in the first quarter valued at about $2,662,000. Institutional investors own 63.00% of the company’s stock.
Shares of CBI stock opened at $16.39 on Monday. Chicago Bridge & Iron has a twelve month low of $9.55 and a twelve month high of $25.49. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -8.81, a PEG ratio of 1.06 and a beta of 2.46.
Chicago Bridge & Iron (NYSE:CBI) last issued its earnings results on Monday, April 23rd. The construction company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.23. Chicago Bridge & Iron had a negative return on equity of 22.97% and a negative net margin of 22.27%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the business earned $0.24 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. sell-side analysts predict that Chicago Bridge & Iron will post 1.69 earnings per share for the current fiscal year.
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.
Receive News & Ratings for Chicago Bridge & Iron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicago Bridge & Iron and related companies with MarketBeat.com's FREE daily email newsletter.