Chicago Bridge & Iron’s (CBI) “Hold” Rating Reiterated at Robert W. Baird

Robert W. Baird restated their hold rating on shares of Chicago Bridge & Iron (NYSE:CBI) in a research report released on Monday. Robert W. Baird currently has a $16.00 price target on the construction company’s stock.

Several other research analysts also recently commented on the company. ValuEngine downgraded Chicago Bridge & Iron from a sell rating to a strong sell rating in a report on Wednesday, March 28th. Zacks Investment Research downgraded Chicago Bridge & Iron from a hold rating to a sell rating in a report on Thursday, February 1st. KeyCorp upgraded Chicago Bridge & Iron to an overweight rating and set a $14.00 price objective on the stock in a report on Wednesday, January 24th. MKM Partners downgraded Chicago Bridge & Iron from a buy rating to a neutral rating in a report on Wednesday, January 3rd. Finally, Deutsche Bank downgraded Chicago Bridge & Iron from a buy rating to a hold rating in a report on Wednesday, December 20th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $17.29.

CBI opened at $13.53 on Monday. The firm has a market cap of $1,314.29, a price-to-earnings ratio of -7.27, a PEG ratio of 0.73 and a beta of 2.44. Chicago Bridge & Iron has a 52 week low of $9.55 and a 52 week high of $31.69.



Chicago Bridge & Iron (NYSE:CBI) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.77 billion. Chicago Bridge & Iron had a negative return on equity of 17.65% and a negative net margin of 20.60%. equities analysts predict that Chicago Bridge & Iron will post 1.97 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in shares of Chicago Bridge & Iron in the 4th quarter valued at $102,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in shares of Chicago Bridge & Iron by 211.7% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 90,400 shares of the construction company’s stock valued at $1,459,000 after acquiring an additional 61,400 shares during the period. Fieldpoint Private Securities LLC increased its holdings in shares of Chicago Bridge & Iron by 33.8% in the 4th quarter. Fieldpoint Private Securities LLC now owns 31,450 shares of the construction company’s stock valued at $508,000 after acquiring an additional 7,950 shares during the period. Fairpointe Capital LLC increased its holdings in shares of Chicago Bridge & Iron by 19.6% in the 4th quarter. Fairpointe Capital LLC now owns 6,031,931 shares of the construction company’s stock valued at $97,356,000 after acquiring an additional 987,820 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Chicago Bridge & Iron in the 4th quarter valued at $770,000. Institutional investors and hedge funds own 63.80% of the company’s stock.

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Chicago Bridge & Iron 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.

Analyst Recommendations for Chicago Bridge & Iron (NYSE:CBI)

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