Chicago Bridge & Iron Co. (NYSE:CBI) reached a new 52-week low on Wednesday . The stock traded as low as $29.91 and last traded at $29.96, with a volume of 605,652 shares changing hands. The stock had previously closed at $30.66.

Several brokerages recently issued reports on CBI. Robert W. Baird lowered Chicago Bridge & Iron Co. from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $40.00 in a research report on Friday, July 22nd. Johnson Rice raised Chicago Bridge & Iron Co. from an “accumulate” rating to a “buy” rating and raised their target price for the stock from $55.00 to $60.00 in a research report on Monday, May 16th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $35.00 target price on shares of Chicago Bridge & Iron Co. in a research report on Monday, August 1st. Zacks Investment Research lowered Chicago Bridge & Iron Co. from a “hold” rating to a “sell” rating in a research report on Monday, August 1st. Finally, MKM Partners lowered their target price on Chicago Bridge & Iron Co. from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Sunday, July 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $45.48.

The stock’s 50-day moving average price is $34.47 and its 200-day moving average price is $35.95. The company’s market capitalization is $3.08 billion.

Chicago Bridge & Iron Co. (NYSE:CBI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by $0.04. During the same period last year, the firm posted $1.55 EPS. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.82 billion. The firm’s revenue for the quarter was down 15.9% on a year-over-year basis. Analysts expect that Chicago Bridge & Iron Co. will post $4.75 earnings per share for the current fiscal year.

In other Chicago Bridge & Iron Co. news, EVP Beth A. Bailey sold 2,701 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $38.00, for a total transaction of $102,638.00. Following the completion of the sale, the executive vice president now directly owns 143,304 shares in the company, valued at $5,445,552. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Philip K. Asherman sold 53,400 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $34.06, for a total transaction of $1,818,804.00. Following the sale, the insider now owns 743,250 shares of the company’s stock, valued at $25,315,095. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Chicago Bridge & Iron Co. stock. Ameriprise Financial Inc. raised its stake in shares of Chicago Bridge & Iron Co. (NYSE:CBI) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,254 shares of the company’s stock after buying an additional 4,665 shares during the period. Ameriprise Financial Inc. owned approximately 0.05% of Chicago Bridge & Iron Co. worth $2,201,000 as of its most recent SEC filing.

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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