Credit Suisse Group reaffirmed their hold rating on shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) in a research note published on Wednesday. The firm currently has a $13.00 price target on the construction company’s stock.

CBI has been the subject of several other reports. BidaskClub raised shares of Chicago Bridge & Iron Company N.V. from a strong sell rating to a sell rating in a research note on Tuesday, June 27th. Deutsche Bank AG lifted their target price 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 note on Monday, May 22nd. Robert W. Baird set a $10.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a hold rating in a research note on Thursday, August 10th. 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 note on Monday, June 12th. Finally, Macquarie reaffirmed an underperform rating and issued a $10.00 target price (down from $11.50) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, June 21st. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $22.63.

Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 15.05 on Wednesday. The stock’s market capitalization is $1.52 billion. The company has a 50-day moving average price of $13.66 and a 200 day moving average price of $21.39. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($3.81). The firm 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 return on equity of 3.92% and a negative net margin of 10.54%. The firm’s revenue was down 40.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. Equities analysts predict that Chicago Bridge & Iron Company N.V. will post ($1.83) earnings per share for the current year.

WARNING: This piece was posted by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/09/16/chicago-bridge-iron-company-n-v-s-cbi-hold-rating-reiterated-at-credit-suisse-group.html.

Hedge funds have recently modified their holdings of the business. Hanson & Doremus Investment Management lifted its holdings in Chicago Bridge & Iron Company N.V. by 14.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock worth $100,000 after buying an additional 650 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Chicago Bridge & Iron Company N.V. by 8.5% in the 1st quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after buying an additional 300 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Chicago Bridge & Iron Company N.V. by 907.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock worth $130,000 after buying an additional 5,945 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Chicago Bridge & Iron Company N.V. by 47.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock worth $152,000 after buying an additional 2,466 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Chicago Bridge & Iron Company N.V. by 1,648.8% in 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 in the last quarter. Hedge funds and other institutional investors own 67.82% of the company’s stock.

About Chicago Bridge & Iron Company N.V.

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)

Receive News & Ratings for Chicago Bridge & Iron Company N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicago Bridge & Iron Company N.V. and related companies with MarketBeat.com's FREE daily email newsletter.