Can analysts adopt a bullish outlook for Chicago Bridge & Iron Company N.V. (NYSE:CBI)?

April 17, 2018 - By Darrin Black

Chicago Bridge & Iron Company N.V. (NYSE:CBI) LogoInvestors sentiment decreased to 0.58 in 2017 Q4. Its down 0.14, from 0.72 in 2017Q3. It is negative, as 54 investors sold Chicago Bridge & Iron Company N.V. shares while 83 reduced holdings. 30 funds opened positions while 50 raised stakes. 59.08 million shares or 10.73% less from 66.18 million shares in 2017Q3 were reported.
Manufacturers Life Insur The invested in 0% or 74,110 shares. State Board Of Administration Of Florida Retirement Sys accumulated 55,713 shares. San Francisco Sentry Invest Grp (Ca) accumulated 1,900 shares. Legal And General Pcl, a United Kingdom-based fund reported 124,766 shares. Covington Capital Mgmt has invested 0% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Bnp Paribas Asset Mgmt Holdings reported 292,578 shares or 0.04% of all its holdings. Creative Planning stated it has 0% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Moreover, Natl Bank Of America Corp De has 0% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Highland Capital Mgmt Ltd Llc has 41,096 shares. Peak6 Investments L P holds 0% or 4,242 shares. 34,290 were reported by Daiwa Incorporated. Numeric Ltd Com invested in 0% or 30,900 shares. Amg Funds Lc reported 61,893 shares. Stifel reported 46,572 shares. Stratos Wealth holds 8,056 shares.

Since October 20, 2017, it had 0 insider purchases, and 2 sales for $242,700 activity.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) Ratings Coverage

Among 8 analysts covering Chicago Bridge (NYSE:CBI), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Chicago Bridge had 12 analyst reports since October 20, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, October 31 by KeyBanc Capital Markets. The firm earned “Hold” rating on Tuesday, December 19 by Macquarie Research. The rating was maintained by Robert W. Baird with “Hold” on Wednesday, January 3. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has “Neutral” rating given on Wednesday, November 1 by UBS. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Buy” rating by Deutsche Bank on Tuesday, October 24. The firm has “Hold” rating by Robert W. Baird given on Friday, October 20. Robert W. Baird maintained Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Tuesday, October 31 with “Neutral” rating. The stock has “Hold” rating by Jefferies on Tuesday, October 31. The firm has “Hold” rating given on Wednesday, January 24 by Robert W. Baird. The firm has “Neutral” rating by DA Davidson given on Tuesday, December 19. Below is a list of Chicago Bridge & Iron Company N.V. (NYSE:CBI) latest ratings and price target changes.

09/04/2018 Broker: Robert W. Baird Rating: Hold New Target: $16.0000 Maintain
24/01/2018 Broker: Robert W. Baird Rating: Hold New Target: $22.0 Maintain
03/01/2018 Broker: Robert W. Baird Rating: Hold New Target: $17.0 Maintain
19/12/2017 Broker: Macquarie Research Rating: Hold Upgrade
19/12/2017 Broker: DA Davidson Old Rating: Buy New Rating: Neutral Downgrade
03/11/2017 Broker: Credit Suisse Rating: Neutral Old Target: $13 New Target: $15 Maintain
01/11/2017 Broker: UBS Rating: Neutral Old Target: $13 New Target: $17 Maintain
31/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
31/10/2017 Broker: Jefferies Rating: Hold New Target: $14.5 Maintain
31/10/2017 Broker: Robert W. Baird Rating: Neutral Old Target: $10 New Target: $11 Maintain

The stock increased 7.86% or $1.11 during the last trading session, reaching $15.24. About 13.15 million shares traded or 312.91% up from the average. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 47.57% since April 17, 2017 and is downtrending. It has underperformed by 59.12% the S&P500.

Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services worldwide. The company has market cap of $1.56 billion. It operates in four divisions: Engineering & Construction, Fabrication Services, Technology, and Capital Services. It currently has negative earnings. The Engineering & Construction segment provides engineering, procurement, and construction services for energy infrastructure facilities, such as upstream and downstream process facilities for the gas and oil industry, as well as liquefied natural gas liquefaction and regasification terminals, and fossil electric generating plants for the power generation industry.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) Institutional Positions Chart

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