ValuEngine upgraded shares of Chicago Bridge & Iron (NYSE:CBI) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning.

A number of other research firms have also weighed in on CBI. Bank of America assumed coverage on shares of Chicago Bridge & Iron in a report on Monday, August 7th. They set an underperform rating and a $14.00 price target for the company. Zacks Investment Research raised shares of Chicago Bridge & Iron from a sell rating to a hold rating in a report on Thursday, November 9th. MKM Partners reaffirmed a buy rating and set a $21.00 price target (up from $17.00) on shares of Chicago Bridge & Iron in a report on Wednesday, October 4th. Deutsche Bank set a $21.00 price target on shares of Chicago Bridge & Iron and gave the company a buy rating in a report on Thursday, August 10th. Finally, Robert W. Baird set a $10.00 price target on shares of Chicago Bridge & Iron and gave the company a hold rating in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $20.79.

Chicago Bridge & Iron (NYSE CBI) opened at $17.86 on Friday. Chicago Bridge & Iron has a one year low of $9.55 and a one year high of $36.56.

Chicago Bridge & Iron (NYSE:CBI) last issued its earnings results on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.19). The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Chicago Bridge & Iron had a negative net margin of 13.33% and a negative return on equity of 10.86%. The business’s revenue was down 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 EPS. equities analysts expect that Chicago Bridge & Iron will post -1.98 earnings per share for the current fiscal year.

In other 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 transaction, the insider now directly owns 97,464 shares in the company, valued at approximately $1,495,097.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 22,500 shares of company stock worth $357,525. Insiders own 1.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of CBI. State Street Corp lifted its position in shares of Chicago Bridge & Iron by 181.4% in the 2nd quarter. State Street Corp now owns 4,059,198 shares of the construction company’s stock worth $80,086,000 after buying an additional 2,616,783 shares during the last quarter. BlackRock Inc. lifted its position in Chicago Bridge & Iron by 51.9% in the 2nd quarter. BlackRock Inc. now owns 6,340,731 shares of the construction company’s stock valued at $125,104,000 after purchasing an additional 2,165,509 shares during the last quarter. Fairpointe Capital LLC lifted its position in Chicago Bridge & Iron by 41.9% in the 2nd quarter. Fairpointe Capital LLC now owns 4,048,371 shares of the construction company’s stock valued at $79,875,000 after purchasing an additional 1,196,110 shares during the last quarter. 1060 Capital LLC bought a new stake in Chicago Bridge & Iron in the 3rd quarter valued at about $11,776,000. Finally, Northern Trust Corp lifted its position in Chicago Bridge & Iron by 110.9% in the 2nd quarter. Northern Trust Corp now owns 1,165,751 shares of the construction company’s stock valued at $23,000,000 after purchasing an additional 612,936 shares during the last quarter. Institutional investors own 66.69% of the company’s stock.

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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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Analyst Recommendations for Chicago Bridge & Iron (NYSE:CBI)

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