Chicago Bridge & Iron Company NV (NYSE:CBI) had its target price lifted by Barclays from $77.00 to $82.00 in a research note released on Monday morning, American Banking & Market News reports. They currently have an overweight rating on the stock.
In other Chicago Bridge & Iron Company NV news, EVP Richard Chandler, Jr. unloaded 11,840 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $76.37, for a total transaction of $904,220.80. Following the transaction, the executive vice president now directly owns 23,922 shares in the company, valued at approximately $1,826,923. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Chicago Bridge & Iron Company NV from $59.00 to $75.00 in a research note to investors on Friday, November 1st. They now have a neutral rating on the stock. Separately, analysts at Johnson Rice raised their price target on shares of Chicago Bridge & Iron Company NV from $75.00 to $90.00 in a research note to investors on Wednesday, October 30th. They now have a focus list rating on the stock. Finally, analysts at DA Davidson raised their price target on shares of Chicago Bridge & Iron Company NV from $65.00 to $80.00 in a research note to investors on Wednesday, October 30th. They now have a neutral rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $76.57.
Chicago Bridge & Iron Company NV (NYSE:CBI) traded up 2.17% on Monday, hitting $76.60. 725,263 shares of the company’s stock traded hands. Chicago Bridge & Iron Company NV has a 52 week low of $38.95 and a 52 week high of $80.14. The stock has a 50-day moving average of $74.23 and a 200-day moving average of $64.68. The company has a market cap of $8.235 billion and a price-to-earnings ratio of 22.63.
Chicago Bridge & Iron Company NV (NYSE:CBI) last announced its earnings results on Tuesday, October 29th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.10 by $0.02. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company posted $0.82 earnings per share. Chicago Bridge & Iron Company NV’s revenue was up 106.8% compared to the same quarter last year. On average, analysts predict that Chicago Bridge & Iron Company NV will post $4.16 earnings per share for the current fiscal year.
Chicago Bridge & Iron Company N.V. (NYSE:CBI) is one of the integrated engineering, procurement and construction (EPC) services providers and process technology licensors, delivering solutions to customers primarily in the energy, petrochemical and natural resource industries.
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