Stock of the Day: Chicago Bridge & Iron Company N.V. on Focus After Raising In Today’s Session

Stock of the Day: Chicago Bridge & Iron Company N.V. on Focus After Raising In Today's Session

The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) is a huge mover today! About 1.36M shares traded hands. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 13.16% since April 13, 2016 and is downtrending. It has underperformed by 17.09% the S&P500.
The move comes after 8 months positive chart setup for the $3.23 billion company. It was reported on Nov, 15 by Barchart.com. We have $42.92 PT which if reached, will make NYSE:CBI worth $1.13B more.

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

Out of 9 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. Chicago Bridge & Iron Company has been the topic of 20 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Robert W. Baird upgraded the stock to “Outperform” rating in Tuesday, December 15 report. Johnson Rice upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Monday, May 16. Johnson Rice has “Buy” rating and $60 price target. The firm earned “Outperform” rating on Friday, November 6 by Cowen & Co. The stock has “Buy” rating given by Tudor Pickering on Wednesday, October 28. Zacks upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Wednesday, September 2. Zacks has “Buy” rating and $48 price target. Vetr upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Tuesday, August 18 to “Buy” rating. The company was maintained on Monday, September 26 by Credit Suisse. As per Friday, July 22, the company rating was downgraded by Robert W. Baird. JP Morgan maintained Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Thursday, April 21 with “Overweight” rating. Credit Suisse upgraded it to “Outperform” rating and $51 target price in Wednesday, October 28 report.

According to Zacks Investment Research, “Chicago Bridge & Iron Company N.V. designs, builds, repairs and modifies steel tanks and other steel plate structures and associated systems. The Company designs and builds petroleum terminals, refinery pressure vessels, low temperature and cryogenic storage facilities and elevated water storage tanks for clients internationally.”

Insitutional Activity: The institutional sentiment decreased to 0.59 in Q2 2016. Its down 0.57, from 1.16 in 2016Q1. The ratio turned negative, as 80 funds sold all Chicago Bridge & Iron Company N.V. shares owned while 156 reduced positions. 35 funds bought stakes while 105 increased positions. They now own 67.35 million shares or 2.11% less from 68.80 million shares in 2016Q1.
Seven Eight Capital Ltd Liability holds 0.12% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 10,347 shares. The Massachusetts-based State Street has invested 0% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). First Heartland Consultants Inc holds 0.1% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 25,396 shares. The California-based Schwab Charles Inv Incorporated has invested 0.01% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Raymond James Svcs Advisors has 0.04% invested in the company for 125,010 shares. Moreover, Apriem has 0% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 100 shares. Babson Management Lc holds 5,800 shares or 0.01% of its portfolio. Scopus Asset Mngmt L P has invested 0.05% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Raymond James & Assocs, a Florida-based fund reported 332,356 shares. Moreover, Parametric Portfolio Associates Ltd Liability Corp has 0.02% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 389,862 shares. Dynamic Capital Limited reported 24,953 shares or 0.1% of all its holdings. Los Angeles Capital Mgmt Equity last reported 0.01% of its portfolio in the stock. Qs Limited Com holds 0% or 79 shares in its portfolio. Eagleclaw Managment Lc reported 60,651 shares or 1.4% of all its holdings. The New York-based Shufro Rose Ltd has invested 1.05% in Chicago Bridge & Iron Company N.V. (NYSE:CBI).

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 6 insider sales for $16.28 million net activity. Another trade for 18,567 shares valued at $538,257 was sold by MULLEN PATRICK K. 2,701 shares were sold by BAILEY BETH A, worth $102,638. ASHERMAN PHILIP K sold $5.57M worth of stock. Stockton Westley S. also sold $60,411 worth of Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Tuesday, May 31.

More notable recent Chicago Bridge & Iron Company N.V. (NYSE:CBI) news were published by: Fool.com which released: “Why Chicago Bridge & Iron Company NV Just Jumped the Fence” on October 28, 2016, also Businesswire.com with their article: “Significant Chicago Bridge & Iron Company N.V. Shareholder, Cohen Capital …” published on August 24, 2016, Nasdaq.com published: “Chicago Bridge & Iron Co Nv (CBI) President and CEO Philip K Asherman Sold $8. …” on August 23, 2016. More interesting news about Chicago Bridge & Iron Company N.V. (NYSE:CBI) were released by: Reuters.com and their article: “BRIEF-Chicago Bridge & Iron Company NV Shareholder, Cohen Capital Manage…” published on August 24, 2016 as well as Fool.com‘s news article titled: “Why Chicago Bridge & Iron Company N.V.’s Shares Fell 13.6% Last Month” with publication date: March 10, 2016.

CBI Company Profile

Chicago Bridge & Iron Company N.V. (CB&I), incorporated in 1889, provides a range of services to clients in the energy infrastructure market across the world. The Firm provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services, and also provides various Government services. The Firm operates through four divisions: Engineering and Construction, Fabrication Services, Technology and Capital Services.

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