Vetr upgraded shares of Chicago Bridge & Iron Co. (NYSE:CBI) from a hold rating to a strong-buy rating in a research report released on Monday morning. Vetr currently has $38.16 price target on the stock.

A number of other analysts also recently issued reports on CBI. Zacks Investment Research downgraded Chicago Bridge & Iron Co. from a hold rating to a sell rating in a research report on Monday, August 1st. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a $35.00 target price on shares of Chicago Bridge & Iron Co. in a research report on Monday, August 1st. MKM Partners set a $42.00 target price on Chicago Bridge & Iron Co. and gave the company a buy rating in a research report on Sunday, September 4th. Macquarie lowered their price target on Chicago Bridge & Iron Co. from $25.00 to $20.00 and set an underperform rating on the stock in a research report on Thursday, September 15th. Finally, Johnson Rice downgraded Chicago Bridge & Iron Co. from a buy rating to a hold rating and lowered their price target for the stock from $57.00 to $32.00 in a research report on Wednesday, September 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $39.51.

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

Shares of Chicago Bridge & Iron Co. (NYSE:CBI) opened at 32.82 on Monday. The firm has a 50 day moving average price of $29.83 and a 200-day moving average price of $32.66. Chicago Bridge & Iron Co. has a 12 month low of $26.12 and a 12 month high of $42.87. The company has a market cap of $3.28 billion, a P/E ratio of 11.97 and a beta of 2.09.

Chicago Bridge & Iron Co. (NYSE:CBI) last released its earnings results on Thursday, October 27th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.75 billion. Chicago Bridge & Iron Co. had a return on equity of 22.54% and a net margin of 2.51%. Chicago Bridge & Iron Co.’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. Analysts anticipate that Chicago Bridge & Iron Co. will post $4.82 earnings per share for the current fiscal year.

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In related news, insider Patrick K. Mullen sold 18,567 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $28.99, for a total value of $538,257.33. Following the completion of the sale, the insider now directly owns 86,655 shares in the company, valued at $2,512,128.45. The sale was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Exane Derivatives increased its position in shares of Chicago Bridge & Iron Co. by 0.8% in the second quarter. Exane Derivatives now owns 11,277 shares of the company’s stock valued at $390,000 after buying an additional 88 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Chicago Bridge & Iron Co. by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 18,495 shares of the company’s stock valued at $640,000 after buying an additional 98 shares in the last quarter. First Trust Advisors LP increased its position in shares of Chicago Bridge & Iron Co. by 1.3% in the third quarter. First Trust Advisors LP now owns 8,286 shares of the company’s stock valued at $232,000 after buying an additional 104 shares in the last quarter. Compton Capital Management Inc. RI increased its position in shares of Chicago Bridge & Iron Co. by 1.4% in the second quarter. Compton Capital Management Inc. RI now owns 11,235 shares of the company’s stock valued at $389,000 after buying an additional 150 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Chicago Bridge & Iron Co. by 1.0% in the third quarter. Principal Financial Group Inc. now owns 16,821 shares of the company’s stock valued at $471,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 65.38% of the company’s stock.

Chicago Bridge & Iron Co. Company Profile

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.

5 Day Chart for NYSE:CBI

To view Vetr’s full report, visit Vetr’s official website.

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