Analysts Reveals Updates on Chicago Bridge & Iron Company NV (CBI)

Chicago Bridge & Iron Company N.V. has a consensus hold rating from 17 Wall Street analysts, and the number of shares now sold short amount to at least 23.66% of shares outstanding. As per Tuesday, November 3, the company rating was maintained by Deutsche Bank.

Since March 20, 2017, it had 0 insider buys, and 4 insider sales for $554,153 activity.

Previously Chicago Bridge & Iron Company N.V. (NYSE:CBI) reported $-3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $-3.85.

CB&I (CBI) reported it has been awarded contracts by four PetroChina refineries located in Dalian, Liaoning Province; Jilin City, Jilin Province; Jinzhou, Liaoning Province; and Urumqi, Xinjiang Uygar Autonomous Region for the license, engineering design and proprietary equipment supply for an alkylation unit at each site.

Under the terms of the agreement Chicago Bridge & Iron Company is to provide all fabrication and project management services while utilizing its Al-Khobar facilities. Financial Architects has invested 0% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Therefore 47% are positive. The rating was downgraded by Zacks to "Buy" on Friday, August 14. The firm earned "Outperform" rating on Monday, September 26 by Credit Suisse. Chicago Bridge & Iron Company N.V. presently has a average recommendation of "Hold" and an average price target of $24.34. Motley Fool Wealth Management Limited Liability Company reported 86,579 shares. EPS breaks down the profitability of the company on a single share basis. Its down 0.84, from 1.67 in 2016Q3.

Investors sentiment decreased to 0.93 in 2016 Q4. Jefferies downgraded the shares of CBI in report on Wednesday, August 16 to "Hold" rating. Selway Asset Management who had been investing in Chicago Bridge & Iron for a number of months, seems to be bullish on the $1.11 billion market cap company.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) has average revenue estimates of $1.81 Billion, compared to low analyst estimates of $1.63 Billion and high estimates of $1.9 Billion for the current quarter. The firm has "Sell" rating given on Wednesday, June 21 by Macquarie Research.

Chicago Bridge & Iron Company N.V. (CBI) has 106.97 Million shares outstanding and 99.71 Million shares were floated in market.

Chicago Bridge & Iron Company N.V. (CBI)'s RSI (Relative Strength Index) is 39.25. The firm has "Neutral" rating by Citigroup given on Wednesday, August 10.

The company surged 10.74% and closed its last trading session at $10.99. Schwerin Boyle Cap, Massachusetts-based fund reported 572,925 shares. 9,857 are owned by First Trust Advsr Limited Partnership. Moreover, Eubel Brady Suttman Asset Mngmt has 2.47% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 258,409 shares.

Edgemoor Investment Advisors Inc increased Magellan Midstream Prtnrs Lp (NYSE:MMP) stake by 8,560 shares to 50,195 valued at $3.80 million in 2016Q4. 44,350 were accumulated by Raymond James & Assoc. Citigroup has invested 0% of its portfolio in American Capital Senior Floating Ltd (NASDAQ:ACSF). FMR LLC raised its position in Chicago Bridge & Iron Company N.V.by 832.8% in the first quarter. Analyst rating score as published on FINVIZ are rated on a 1 to 5 scale. Therefore 33% are positive. The stock closing price is now trading downward to its 50 day moving average with change of -23.29%, tumbled to its 20 day moving average with figure of -9.65% and behind its 200 day moving average with value -53.85%.

On August 22 Deutsche Bank kept the company rating at "Buy" but lowered the price target from $21.00 to $13.00. Equinix had 37 analyst reports since July 31, 2015 according to SRatingsIntel. (NYSE:CBI) traded -5.42% lower at $21.80. Credit Suisse initiated the stock with "Buy" rating in Friday, June 30 report. However the six-month change in the insider ownership was recorded -4.19%, as well as three-month change in the institutional ownership was recorded 2.86%. The rating was upgraded by Hilliard Lyons on Wednesday, November 4 to "Buy". The firm earned "Underperform" rating on Monday, August 7 by Bank of America. The stock has "Buy" rating by Credit Suisse on Monday, July 3. The rating was upgraded by JMP Securities on Thursday, February 11 to "Outperform".

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