Chicago Bridge & Iron Company N.V. (NYSE:CBI)‘s stock had its “hold” rating reaffirmed by investment analysts at KeyCorp in a research note issued to investors on Friday.

Several other equities research analysts also recently weighed in on CBI. Deutsche Bank AG set a $21.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a report on Thursday, August 10th. Credit Suisse Group restated a “neutral” rating and set a $13.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, August 11th. BidaskClub downgraded Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Citigroup Inc. set a $18.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a report on Thursday, August 10th. Finally, Robert W. Baird set a $10.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a report on Thursday, August 10th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Chicago Bridge & Iron Company N.V. has an average rating of “Hold” and a consensus price target of $22.05.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 16.26 on Friday. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56. The company’s 50-day moving average price is $13.50 and its 200-day moving average price is $20.97. The company’s market cap is $1.65 billion. Chicago Bridge & Iron Company N.V. also was the recipient of some unusual options trading on Wednesday. Traders purchased 896 call options on the stock. This represents an increase of approximately 197% compared to the average volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($3.81). Chicago Bridge & Iron Company N.V. had a negative return on equity of 3.92% and a negative net margin of 10.54%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company earned $1.17 EPS. Chicago Bridge & Iron Company N.V.’s revenue for the quarter was down 40.6% compared to the same quarter last year. Equities analysts forecast that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current fiscal year.

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In related news, insider Daniel M. Mccarthy sold 7,500 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $16.04, for a total value of $120,300.00. Following the completion of the sale, the insider now directly owns 112,464 shares of the company’s stock, valued at approximately $1,803,922.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC boosted its position in shares of 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 valued at $117,000 after purchasing an additional 300 shares during the period. Hanson & Doremus Investment Management boosted its position in shares of 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 valued at $100,000 after purchasing an additional 650 shares during the period. Chicago Partners Investment Group LLC boosted its position in shares of 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 valued at $130,000 after purchasing an additional 5,945 shares during the period. M Holdings Securities Inc. boosted its position in shares of Chicago Bridge & Iron Company N.V. by 5.5% in the 1st quarter. M Holdings Securities Inc. now owns 6,765 shares of the construction company’s stock valued at $208,000 after purchasing an additional 350 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Chicago Bridge & Iron Company N.V. by 6.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 6,867 shares of the construction company’s stock valued at $211,000 after purchasing an additional 410 shares during the period. 67.90% of the stock is owned by hedge funds and other institutional investors.

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)

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