The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has “Hold” rating given on Wednesday, August 26 by Zacks.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -37.35%, and has a poor year to date (YTD) performance of -38.92% which means the stock is constantly subtracting to its value from the previous fiscal year end price. MKM Partners’ price objective would suggest a potential upside of 75.71% from the stock’s current price.
Number of analysts are eying on this stock and after detailed observation, they have given the stock mean target price of $36.36 while their mean recommendation is 2.60 (1=Buy, 5=sell).
Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Thursday closed at $19.35. First Heartland Consultants Incorporated holds 0.33% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 34,686 shares. Jefferies Group LLC reiterated a buy rating and issued a $35.00 price target on shares of Chicago Bridge & Iron Company in a report on Tuesday, May 9th. Breaking those down we see that the ratings are as follows: 3 Strong Buy, 0 Rated Buy, 5 Rated Hold and 1 Rated Sell. Chicago Bridge & Iron Company’s dividend payout ratio (DPR) is now 10.18%.
Chicago Bridge & Iron Company (NYSE:CBI) traded up 8.346% during midday trading on Friday, reaching $20.965. Lowe’s Companies, Inc. (NYSE:LOW) distance from 200-day simple moving average (SMA200) is 11.80%. The stock’s market capitalization is $1.95 billion.
05/09/2017 – Chicago Bridge & Iron Company N.V. had its ” rating reiterated by analysts at Citigroup. The original version of this story can be viewed at https://transcriptdaily.com/2017/05/19/chicago-bridge-iron-company-cbi-issues-quarterly-earnings-results-misses-expectations-by-0-71-eps-updated.html. The company provided earnings per share (EPS) guidance of $3.50-$4.00 for the period, compared to the Thomson Reuters consensus estimate of $4.17. Chicago Bridge & Iron Company had a return on equity of 22.54% and a net margin of 2.51%. During the same period past year, the company earned $1.01 earnings per share.
While considering growth estimates of the company, it has next quarter growth estimates of -5% whereas during current quarter it has -12% estimations over growth, comparing to the estimations of -16.5% during current year and 23.8% for next year. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has “Buy” rating given on Wednesday, September 2 by Zacks.
The company also recently announced a special dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 23rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. Chicago Bridge & Iron Company’s dividend payout ratio (DPR) is presently 10.18%.
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In other news, insider Edgar C. Ray sold 48,700 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Duncan N. Wigney sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $31.00, for a total value of $37,200.00. Following the completion of the sale, the vice president now directly owns 21,662 shares of the company’s stock, valued at approximately $671,522. The disclosure for this sale can be found here.
Since January 1, 0001, it had 0 insider buys, and 5 sales for $734,289 activity.
Several brokerages recently weighed in on CBI. Menora Mivtachim Holdings LTD. purchased a new position in Chicago Bridge & Iron Company during the fourth quarter worth about $105,000. California State Teachers Retirement System now owns 228,989 shares of the construction company’s stock valued at $6,419,000 after buying an additional 2,100 shares during the last quarter. However the company reported $1.17 earnings per share for the same quarter during past year. Cap One National Association has invested 0.02% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). The company has grown -4.90% in past 3 months and in the last five trades has moved down -4.74%. Finally, Ancora Advisors LLC bought a new position in Chicago Bridge & Iron Company during the fourth quarter valued at about $134,000.
Previously Chicago Bridge & Iron Company N.V. (NYSE:CBI) reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $-0.7.