Stifel Nicolaus Boosts Price Target on Chicago Bridge & Iron Company (CBI)

By admin | 6 years ago

Stifel Nicolaus raised their price target on shares of Chicago Bridge & Iron Company (NYSE: CBI) from $19.00 to $21.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Chicago Bridge & Iron Company in a research note to investors on Wednesday, April 25th. Separately, analysts at DA Davidson cut their price target on shares of Chicago Bridge & Iron Company from $50.00 to $48.00 in a research note to investors on Wednesday, April 25th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Chicago Bridge & Iron Company in a research note to investors on Thursday, April 5th. They now have a $45.00 price target on the stock.

Chicago Bridge & Iron Company opened at 44.83 on Tuesday. Chicago Bridge & Iron Company has a 1-year low of $23.88 and a 1-year high of $47.74. The company has a market cap of $4.348 billion and a price-to-earnings ratio of 16.90.

The company last announced its quarterly results on Thursday, February 23rd. It reported $0.70 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.68 EPS by $0.02. The company’s quarterly revenue was up 32.4% on a year-over-year basis. Analysts expect that Chicago Bridge & Iron Company will post $0.79 EPS next quarter.

Chicago Bridge & Iron N.V. (CB&I) is an engineering, procurement and construction (EPC) company and process technology licensors, delivering solutions to customers in the energy and natural resource industries.

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