Short Term Rating on Chicago Bridge & Iron Company N.V. (CBI)

Chicago Bridge & Iron Company N.V. (CBI) : Zacks Investment Research ranks Chicago Bridge & Iron Company N.V. (CBI) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.82, which indicates as a Buy.

Chicago Bridge & Iron Company N.V. (CBI) : 8 Wall Street analysts covering Chicago Bridge & Iron Company N.V. (CBI) believe that the average level the stock could reach for the short term is $51.13. The maximum price target given is $70 and the minimum target for short term is around $38, hence the standard deviation is calculated at $9.58.

For the current week, the company shares have a recommendation consensus of Buy.


Chicago Bridge & Iron Company N.V. (NYSE:CBI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.29 and $37.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.96, notching a gain of 3.07% for the day. The total traded volume was 1,308,571 . The stock had closed at $36.83 on the previous day.

Chicago Bridge and Iron Company N.V. (CBandI) provides a range of services to customers in the energy infrastructure market across the world. The Company also provides various Government services. CBandI operates through four segments: Engineering, Construction and Maintenance, which provides engineering, procurement and construction (EPC) services for energy infrastructure facilities, as well as integrated maintenance services; Fabrication Services, which provides fabrication of piping systems, process and nuclear modules; fabrication and erection of steel plate structures, and manufacturing and distribution of pipe and fittings for various industries, such as oil and gas, mining, mineral processing and power generation; Technology, which provides licensed process technologies, catalysts and engineered products, and offers process planning and project development services, and Environmental Solutions, which provides environmental services for Government and private sector customers.

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