KeyBanc Reiterates The “Hold” Rating They’ve had for Chicago Bridge (NYSE:CBI) Shares

January 23, 2018 - By Darrin Black

 KeyBanc Reiterates The

Investors sentiment decreased to 0.72 in Q3 2017. Its down 0.18, from 0.9 in 2017Q2. It fall, as 71 investors sold Chicago Bridge & Iron Company N.V. shares while 83 reduced holdings. 49 funds opened positions while 62 raised stakes. 66.18 million shares or 0.62% less from 66.59 million shares in 2017Q2 were reported.

Synovus Fincl has 297,327 shares. Schwerin Boyle Management Inc has 1.73M shares for 3.28% of their portfolio. Advsr Asset Management owns 832 shares. Huntington Retail Bank invested in 2,300 shares. Great West Life Assurance Can has invested 0% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Commonwealth Equity invested in 0.01% or 87,692 shares. Moreover, Clearline Capital L P has 4.76% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Amundi Pioneer Asset Management Inc reported 1.44M shares. Focused Wealth Inc stated it has 0.01% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Canada Pension Plan Invest Board reported 1,700 shares stake. Cetera Limited Liability Co has 37,491 shares. Boothbay Fund Mngmt Limited Liability has invested 0.04% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Hudson Valley Invest Advsrs Adv accumulated 0% or 16,600 shares. Arrowmark Colorado Holding Ltd Liability invested 0.09% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). United Cap Financial Advisers Lc has 201,210 shares for 0.03% of their portfolio.

Since September 20, 2017, it had 0 insider purchases, and 3 insider sales for $363,000 activity.

Chicago Bridge (NYSE:CBI) Rating Reaffirmed

Chicago Bridge (NYSE:CBI) stock “Hold” rating has been reiterated at KeyBanc in an analyst note shared with investors and clients on 31 October.

Investors sentiment decreased to 0.72 in Q3 2017. Its down 0.18, from 0.9 in 2017Q2. It fall, as 71 investors sold Chicago Bridge & Iron Company N.V. shares while 83 reduced holdings. 49 funds opened positions while 62 raised stakes. 66.18 million shares or 0.62% less from 66.59 million shares in 2017Q2 were reported.

Synovus Fincl has 297,327 shares. Schwerin Boyle Management Inc has 1.73M shares for 3.28% of their portfolio. Advsr Asset Management owns 832 shares. Huntington Retail Bank invested in 2,300 shares. Great West Life Assurance Can has invested 0% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Commonwealth Equity invested in 0.01% or 87,692 shares. Moreover, Clearline Capital L P has 4.76% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Amundi Pioneer Asset Management Inc reported 1.44M shares. Focused Wealth Inc stated it has 0.01% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Canada Pension Plan Invest Board reported 1,700 shares stake. Cetera Limited Liability Co has 37,491 shares. Boothbay Fund Mngmt Limited Liability has invested 0.04% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Hudson Valley Invest Advsrs Adv accumulated 0% or 16,600 shares. Arrowmark Colorado Holding Ltd Liability invested 0.09% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). United Cap Financial Advisers Lc has 201,210 shares for 0.03% of their portfolio.

Since September 20, 2017, it had 0 insider purchases, and 3 insider sales for $363,000 activity.

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

Among 17 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. Chicago Bridge & Iron Company has $60 highest and $10.0 lowest target. $31.49’s average target is 65.56% above currents $19.02 stock price. Chicago Bridge & Iron Company had 49 analyst reports since August 14, 2015 according to SRatingsIntel. Zacks upgraded the shares of CBI in report on Wednesday, August 26 to “Hold” rating. The company was downgraded on Wednesday, August 16 by Jefferies. As per Tuesday, October 31, the company rating was maintained by KeyBanc Capital Markets. Argus Research initiated Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Wednesday, December 7. Argus Research has “Buy” rating and $43 target. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, October 24 report. Robert W. Baird downgraded the stock to “Neutral” rating in Friday, July 22 report. On Monday, August 17 the stock rating was upgraded by Zacks to “Hold”. The stock has “Hold” rating by Macquarie Research on Tuesday, December 19. Johnson Rice upgraded the stock to “Buy” rating in Monday, May 16 report. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Buy” rating by Zacks on Friday, August 21.

The stock decreased 1.35% or $0.26 during the last trading session, reaching $19.02. About 1.41 million shares traded. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 42.76% since January 23, 2017 and is downtrending. It has underperformed by 59.46% the S&P500.

Analysts await Chicago Bridge & Iron Company N.V. (NYSE:CBI) to report earnings on February, 27. They expect $0.47 EPS, down 44.71 % or $0.38 from last year’s $0.85 per share. CBI’s profit will be $47.67 million for 10.12 P/E if the $0.47 EPS becomes a reality. After $0.34 actual EPS reported by Chicago Bridge & Iron Company N.V. for the previous quarter, Wall Street now forecasts 38.24 % EPS growth.

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 $1.93 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.