Notable Price Action: Could Chicago Bridge & Iron Company N.V. Decline After Today’s Big Increase?

Notable Price Action: Could Chicago Bridge & Iron Company N.V. Decline After Today's Big Increase?

The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) is a huge mover today! About 1.30 million shares traded hands. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 21.75% since April 27, 2016 and is downtrending. It has underperformed by 26.98% the S&P500.
The move comes after 8 months positive chart setup for the $3.28 billion company. It was reported on Nov, 30 by Barchart.com. We have $35.85 PT which if reached, will make NYSE:CBI worth $229.60 million more.

Analysts await Chicago Bridge & Iron Company N.V. (NYSE:CBI) to report earnings on February, 23. They expect $1.45 earnings per share, down 7.05% or $0.11 from last year’s $1.56 per share. CBI’s profit will be $142.01M for 5.77 P/E if the $1.45 EPS becomes a reality. After $1.20 actual earnings per share reported by Chicago Bridge & Iron Company N.V. for the previous quarter, Wall Street now forecasts 20.83% EPS growth.

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. M Partners reinitiated Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Wednesday, June 29 with “Buy” rating. The firm earned “Buy” rating on Wednesday, October 28 by Tudor Pickering. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has “Outperform” rating given on Tuesday, December 15 by Robert W. Baird. Credit Suisse upgraded it to “Outperform” rating and $51 target price in Wednesday, October 28 report. The rating was upgraded by Zacks to “Hold” on Wednesday, August 26. The rating was downgraded by Zacks on Friday, August 14 to “Buy”. Johnson Rice upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Monday, May 16 to “Buy” rating. The firm has “Buy” rating by Vetr given on Tuesday, August 18. The company was maintained on Thursday, April 21 by JP Morgan. The firm has “Buy” rating given on Friday, August 21 by Zacks.

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 increased to 0.77 in 2016 Q2. Its up 0.18, from 0.59 in 2016Q1. The ratio increased, 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.
Compton Capital Management Ri last reported 0.22% of its portfolio in the stock. Bridges Inv Mgmt Inc has 0.13% invested in the company for 14,952 shares. Products Partners Limited Liability Corporation has 198,500 shares for 0.54% of their US portfolio. Mraz Amerine & Assocs Inc has invested 1.01% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Principal Finance Grp Inc holds 16,650 shares or 0% of its portfolio. The Pennsylvania-based Susquehanna Intl Gp Limited Liability Partnership has invested 0.01% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Cubist Systematic Strategies Ltd has 10,280 shares for 0.02% of their US portfolio. Jag Cap Mngmt Limited Liability has 63,225 shares for 0.47% of their US portfolio. John G Ullman has 0.44% invested in the company for 62,400 shares. Kbc Group Nv has 12,822 shares for 0.01% of their US portfolio. Moreover, Scotia has 0.02% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 22,025 shares. Moreover, Alyeska Invest Limited Partnership has 0.61% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 1.73 million shares. Blackrock has 0% invested in the company for 79,951 shares. Covington Capital, a California-based fund reported 8,650 shares. Roundview Capital Limited Liability Corp accumulated 85,145 shares or 1.09% of the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 4 selling transactions for $16.12 million net activity. $1.82 million worth of shares were sold by ASHERMAN PHILIP K on Monday, August 15. The insider MULLEN PATRICK K sold $538,257. Another trade for 1,561 shares valued at $60,411 was sold by Stockton Westley S.. BAILEY BETH A sold $102,638 worth of stock or 2,701 shares.

More news for Chicago Bridge & Iron Company N.V. (NYSE:CBI) were recently published by: Investorplace.com, which released: “Hottest Construction Stocks Now – DY” on March 27, 2014. Businesswire.com‘s article titled: “Significant Chicago Bridge & Iron Company N.V. Shareholder, Cohen Capital …” and published on August 24, 2016 is yet another important article.

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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