Analyst Rating Update on Chicago Bridge & Iron Company N.V. (CBI)

Chicago Bridge & Iron Company N.V. (NYSE:CBI) : Zacks Investment Research ranks Chicago Bridge & Iron Company N.V. (NYSE: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. (NYSE:CBI) : Currently there are 8 street experts covering Chicago Bridge & Iron Company N.V. (NYSE:CBI) stock. The most bullish and bearish price target for the stock is $70 and $38 respectively for the short term. The average price target of all the analysts comes to $51.13. The estimated standard deviation from the target is $9.58.

For the current week, the company shares have a recommendation consensus of Buy. Also, Johnson Rice upgrades their rating on the shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI). The current rating of the shares is Buy. Earlier, the shares were rated a Accumulate by the brokerage firm. Equity Analysts at the Firm raises the price target to $60 per share from $55 per share. The rating by the firm was issued on May 16, 2016.

Chicago Bridge & Iron Company N.V. (NYSE:CBI): stock turned positive on Tuesday. Though the stock opened at $32.91, the bulls momentum made the stock top out at $33.38 level for the day. The stock recorded a low of $32.48 and closed the trading day at $33.23, in the green by 2.91%. The total traded volume for the day was 1,805,346. The stock had closed at $32.29 in the previous days trading.

In an insider trading activity, Mullen Patrick K, officer (Executive Vice President) of Chicago Bridge & Iron Co N V, unloaded 11,985 shares at an average price of $36.65 on June 23, 2016. The total amount of the transaction was worth $439,250, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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