Chicago Bridge & Iron Company NV

Xavier Trudeau
Juillet 17, 2017

Currently, EPS of Chicago Bridge & Iron Company N.V. (CBI) is 0.24 while the analysts predicted the EPS of the stock to be 0.94 suggesting the company fell short of the analysts' expectations. The company now has a consensus rating of "Hold" and a consensus price target of $29.79.

A number of other brokerages also recently issued reports on CBI. Credit Suisse Group set a $40.00 target price on Chicago Bridge & Iron Company N.V. and gave the stock a "buy" rating in a research report on Saturday, April 22nd. Baird reissued a "neutral" rating and set a $23.00 price target (down from $31.00) on shares of Chicago Bridge & Iron Company N.V.in a report on Wednesday, May 17th. MKM Partners reissued a "buy" rating and issued a $41.00 target price on shares of Chicago Bridge & Iron Company N.V.in a research note on Tuesday, March 28th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Chicago Bridge & Iron Company N.V. now has an average rating of "Hold" and a consensus target price of $29.24.

Chicago Bridge & Iron Company N.V. (CBI) reported sales (ttm) of 9.84 Billion, whereas, 3 number of analysts estimated the mean sale of 1895.94 million.

Company chares are trading at $17.46 a bit lower than the 50 day moving average which is $18.21 and just below the 200 day moving average of $28.45. The company's 50-day moving average is $18.21 and its 200 day moving average is $28.45.

In the market the company is trading down by -2.51 percent from yesterday's close. The value of the total investment in Chicago Bridge & Iron Company N went from $443,000 to $439,000 a change of $4,000 quarter over quarter. (NYSE:CBI) last announced its quarterly earnings data on Monday, May 8th.

As of the last earnings report the EPS was $-3.89 and is expected to be $3.09 for the current year with 100,844,000 shares now outstanding. The firm's revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 EPS. Equities analysts expect that Chicago Bridge & Iron Company N.V. will post $3.09 earnings per share for the current year. Shareholders of record on Friday, June 23rd were given a $0.07 dividend. The ex-dividend date was Wednesday the 21st of June 2017. Chicago Bridge & Iron Company N.V. now has an average rating of "Hold" and an average target price of $29.24.

COPYRIGHT VIOLATION WARNING: This news story was first posted by BNB Daily and is the sole property of of BNB Daily. If you are viewing this news story on another site, it was illegally copied and republished in violation of US and worldwide copyright & trademark legislation. The legal version of this story can be read at https://sportsperspectives.com/2017/07/17/utah-retirement-systems-maintains-stake-in-chicago-bridge-iron-company-n-v-cbi-updated-updated.html. The shares were sold on April 25th for an average price of $31.03. The Beta for the company stands at 2.04 and its Average True Range (ATR) shows a value of 1.31. Following the sale, the insider now owns 60,496 shares of the company's stock, valued at $1,877,190.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

In other news, VP Westley S. Stockton sold 2,657 shares of the company's stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $31.00, for a total value of $82,367.00. Following the completion of the sale, the vice president now directly owns 19,005 shares in the company, valued at approximately $589,155.

Several institutional investors have recently added to or reduced their stakes in the company. Brick & Kyle Associates boosted its position in shares of Chicago Bridge & Iron Company N.V.by 14.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company's stock worth $117,000 after buying an additional 300 shares during the period. Massachusetts Financial Services Co. Utah Retirement Systems' holdings in Chicago Bridge & Iron Company N.V. were worth $583,000 at the end of the most recent reporting period. Brick & Kyle Associates now owns 3,950 shares of the construction company's stock worth $121,000 after buying an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Chicago Bridge & Iron Company N.V.by 136.7% in the first quarter. FMR LLC now owns 5,253,638 shares of the construction company's stock worth $161,550,000 after buying an additional 4,690,447 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Chicago Bridge & Iron Company N.V. during the fourth quarter valued at about $210,000.

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