Clearbridge Investments LLC boosted its stake in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 8.5% during the first quarter, Holdings Channel reports. On July 25 the stock rating was downgraded from " to "Neutral" and a price target of $38.00 was set in a report from Citigroup. Macquarie's price target points to a potential downside of 42.73% from the stock's current price.
Several other equities analysts also recently commented on CBI. September 26 investment analysts at Credit Suisse made no change to the stock rating of "Outperform" but moved down the price target from $51.00 to $37.00.
Trading volume for Chicago Bridge & Iron Company N was 3,889K on Friday. Jefferies Group LLC reissued a "buy" rating and issued a $35.00 target price on shares of Chicago Bridge & Iron Company N.V.in a research note on Tuesday, May 9th. UBS AG reiterated a "buy" rating and issued a $21.00 price objective (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V.in a research note on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock now has a consensus rating of "Hold" and a consensus target price of $29.24. Chicago Bridge & Iron Company N.V. has a 12 month low of $12.91 and a 12 month high of $39.71. (CBI) opened at 17.46 on Monday. The company has a 50 day moving average price of $18.21 and a 200-day moving average price of $28.45. Hanson & Doremus Investment Management bought a new position in shares of Chicago Bridge & Iron Company N.V. during the fourth quarter worth about $104,000.
Market Capitalization can be thought of as the overall price to buy the company.
Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. The construction company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.95 by $0.71.
3 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 1926.19 million while high and low sale targets are estimated at 2236.93 million and 1706.53 million respectively. The company's quarterly revenue was down 11.4% compared to the same quarter a year ago. During the same period a year ago, the firm earned $1.01 earnings per share. Equities analysts expect that Chicago Bridge & Iron Company N.V. will post $3.09 earnings per share for the current year.
The company also recently announced a special dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 23rd were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 21st.
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In related news, VP Westley S. Stockton sold 2,657 shares of the firm's stock in a transaction dated Tuesday, April 25th. The Beta for the company stands at 2.04 and its Average True Range (ATR) shows a value of 1.31. Also, insider Edgar C. Ray sold 48,700 shares of the company's stock in a transaction dated Tuesday, April 25th. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
In the transaction dated April 10, 2017, the great number of shares disposed came courtesy the VP, Controller, CAO; Stockton Westley S. disposed a total of 1,200 shares at an average price of $31, amounting to approximately $37,200. The stock was sold at an average price of $31.00, for a total transaction of $82,367.00. Following the completion of the sale, the vice president now directly owns 19,005 shares of the company's stock, valued at $589,155.
Several institutional investors have recently added to or reduced their stakes in the company. Brick & Kyle Associates increased its stake in shares of Chicago Bridge & Iron Company N.V.by 14.5% in the first quarter. Brick & Kyle Associates now owns 3,950 shares of the construction company's stock valued at $121,000 after buying an additional 500 shares in the last quarter. Massachusetts Financial Services Co. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Chicago Bridge & Iron Company N.V.by 136.7% in the first quarter. Selway Asset Management now owns 88,550 shares of the construction company's stock worth $2,723,000 after buying an additional 300 shares during the period. FMR LLC now owns 5,253,638 shares of the construction company's stock worth $161,550,000 after buying an additional 4,690,447 shares in the last quarter.