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

A number of equities analysts recently commented on the company. ValuEngine cut Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Bank of America Corporation set a $10.00 target price on Chicago Bridge & Iron Company N.V. and gave the company a “sell” rating in a report on Wednesday, August 30th. BidaskClub upgraded Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Deutsche Bank AG set a $13.00 target price on Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a report on Tuesday, August 22nd. Finally, Jefferies Group LLC cut Chicago Bridge & Iron Company N.V. from a “buy” rating to a “hold” rating and lowered their target price for the company from $35.00 to $12.00 in a report on Wednesday, August 16th. Five investment 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 stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.10.

The firm has a 50 day moving average of $14.47 and a 200-day moving average of $22.27. The firm’s market capitalization is $1.31 billion.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing analysts’ consensus estimates of $0.85 by $3.81. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations 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%. The company’s revenue for the quarter was down 40.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 EPS. On average, equities analysts forecast that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers bought a new position in Chicago Bridge & Iron Company N.V. during the 2nd quarter worth approximately $761,000. Sterneck Capital Management LLC bought a new position in Chicago Bridge & Iron Company N.V. during the 2nd quarter worth approximately $1,657,000. Koch Industries Inc. bought a new position in Chicago Bridge & Iron Company N.V. during the 2nd quarter worth approximately $314,000. Verition Fund Management LLC bought a new position in Chicago Bridge & Iron Company N.V. during the 2nd quarter worth approximately $467,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in Chicago Bridge & Iron Company N.V. by 1,648.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock worth $175,000 after buying an additional 8,343 shares during the last quarter. 63.81% of the stock is owned by hedge funds and other institutional investors.

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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.

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