Chicago Bridge & Iron Company N.V. (NYSE:CBI)’s share price was up 6.3% during trading on Monday . The stock traded as high as $13.19 and last traded at $13.12. Approximately 4,131,796 shares traded hands during trading, a decline of 42% from the average daily volume of 7,144,180 shares. The stock had previously closed at $12.34.

Several equities analysts have recently commented on CBI shares. UBS Group AG reaffirmed a “buy” rating and set a $21.00 price target (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 24th. Deutsche Bank AG increased their price target on shares of Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. MKM Partners reaffirmed a “buy” rating and set a $34.00 price target (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, May 19th. Credit Suisse Group set a $34.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $35.00 price target on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, May 9th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.10.

The firm’s market cap is $1.33 billion. The firm’s 50 day moving average price is $14.70 and its 200-day moving average price is $22.71.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $3.81. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. Chicago Bridge & Iron Company N.V.’s quarterly revenue was down 40.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 earnings per share. Equities analysts forecast that Chicago Bridge & Iron Company N.V. will post ($1.79) EPS for the current year.

A number of large investors have recently added to or reduced their stakes in CBI. Hanson & Doremus Investment Management boosted its position in Chicago Bridge & Iron Company N.V. by 14.8% in the second quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock valued at $100,000 after buying an additional 650 shares in the last quarter. Clearbridge Investments LLC boosted its position in Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock valued at $117,000 after buying an additional 300 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in Chicago Bridge & Iron Company N.V. by 907.6% in the second quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock valued at $130,000 after buying an additional 5,945 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Chicago Bridge & Iron Company N.V. by 47.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock valued at $152,000 after buying an additional 2,466 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Chicago Bridge & Iron Company N.V. by 1,648.8% in the second quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock valued at $175,000 after buying an additional 8,343 shares in the last quarter. Hedge funds and other institutional investors own 63.81% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Chicago Bridge & Iron Company N.V. (CBI) Trading Up 6.3%” was posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/09/04/chicago-bridge-iron-company-n-v-cbi-trading-up-6-3.html.

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.