Bank of America Corporation started coverage on shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) in a research note released on Monday morning. The firm issued an underperform rating and a $14.00 price objective on the construction company’s stock.

CBI has been the subject of several other reports. Credit Suisse Group reduced their price objective on Chicago Bridge & Iron Company N.V. from $34.00 to $21.00 and set an outperform rating for the company in a research report on Monday, June 19th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a buy rating and issued a $35.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, May 9th. Deutsche Bank AG reaffirmed a buy rating on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, June 28th. Robert W. Baird set a $15.00 target price on Chicago Bridge & Iron Company N.V. and gave the stock a hold rating in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a $15.00 target price (down from $33.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Monday, June 12th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $28.86.

Shares of Chicago Bridge & Iron Company N.V. (CBI) traded up 1.48% during mid-day trading on Monday, hitting $16.49. 1,136,326 shares of the company were exchanged. The stock’s 50-day moving average price is $17.37 and its 200 day moving average price is $25.88. Chicago Bridge & Iron Company N.V. has a 12-month low of $12.91 and a 12-month high of $36.56. The stock’s market cap is $1.66 billion.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings data on Monday, May 8th. The construction company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.95 by $0.71. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the company posted $1.01 earnings per share. The firm’s revenue was down 11.4% compared to the same quarter last year. On average, equities analysts anticipate that Chicago Bridge & Iron Company N.V. will post $2.85 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in CBI. Airain ltd acquired a new stake in shares of Chicago Bridge & Iron Company N.V. during the second quarter worth $492,000. Prudential Financial Inc. raised its stake in shares of Chicago Bridge & Iron Company N.V. by 10.9% in the second quarter. Prudential Financial Inc. now owns 297,868 shares of the construction company’s stock worth $5,877,000 after buying an additional 29,322 shares during the last quarter. Usca Ria LLC raised its stake in shares of Chicago Bridge & Iron Company N.V. by 36.0% in the second quarter. Usca Ria LLC now owns 97,070 shares of the construction company’s stock worth $1,915,000 after buying an additional 25,716 shares during the last quarter. Point View Wealth Management Inc. raised its stake in shares of Chicago Bridge & Iron Company N.V. by 35.4% in the second quarter. Point View Wealth Management Inc. now owns 38,271 shares of the construction company’s stock worth $755,000 after buying an additional 10,005 shares during the last quarter. Finally, Twin Capital Management Inc. raised its stake in shares of Chicago Bridge & Iron Company N.V. by 10.6% in the second quarter. Twin Capital Management Inc. now owns 87,650 shares of the construction company’s stock worth $1,729,000 after buying an additional 8,400 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Chicago Bridge & Iron Company N.V. Company Profile

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.

Analyst Recommendations for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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