Chicago Bridge & Iron Company NV (CBI) Sees Significant Decrease in Short Interest

(NYSE:CBI) from a strong sell rating to a buy rating in a research report report published on Tuesday.

These analysts also forecasted Growth Estimates for the Current Quarter for CBI to be -37.6%.

On October 24 Deutsche Bank held the stock rating at "Buy" but moved up the price target from $45.00 to $21.00.

While looking at the Stock's Performance, Chicago Bridge & Iron Company N.V. now shows a Weekly Performance of 2.66%, where Monthly Performance is -3.69%, Quarterly performance is -10.9%, 6 Months performance is -46.95% and yearly performance percentage is -49.31%. Chicago Bridge & Iron Co N V now has $1.64B valuation. On August 16 the company was downgraded from "Buy" to "Hold" in a report from Jefferies.

The company's consensus rating on Reuter's scale remained unchanged from 3 to 3 during a month. BlackRock Inc. grew its stake in Chicago Bridge & Iron Company 3,280.3% in the first quarter. The firm earned "Sell" rating on Tuesday, September 29 by Chardan Capital Markets. Five analysts surveyed by Zacks expected $1.81 billion. Highland Capital Management Ltd Llc reported 0.07% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). It is quantified by short-term traders as the average difference between a stock's daily high and daily low, then divided by the stock price. Exane Derivatives has 0% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 15,840 shares. (CBI) on Monday reported third-quarter net income of $10 million.

Credit Suisse analysts say Q3 results were hurt by several one-time items, implying a clean EPS number of $0.41, but the E&C segment reported $38M in cost overruns on the IPL (now 99% complete) and Calpine (now 75% complete) power jobs and $16M in additional costs tied to hurricanes. The business's quarterly revenue was down 16.4% on a year-over-year basis. The stock decreased 5.01% or $2.37 during the last trading session, reaching $44.9.

Consequently Chicago Bridge & Iron Company N.V. (NYSE:CBI)'s weekly and monthly volatility is 4.78%, 4.12% respectively. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 42.76% since October 30, 2016 and is downtrending. The company's price to sales ratio for trailing twelve months is 5.64 and price to book ratio for most recent quarter is 5.19, whereas price to cash per share for the most recent quarter is 19.03. Following the completion of the sale, the executive vice president now directly owns 104,964 shares in the company, valued at $1,709,863.56. Also, insider Patrick K. Mullen sold 18,567 shares of the business's stock in a transaction that occurred on Monday, September 12th. After a recent check, it is observed that the insiders for the firm now own 1.30% shares. Beck Mack & Oliver LLC grew its stake in Chicago Bridge & Iron Company 364.0% in the second quarter. The 50 day moving average went down $-2.04 or -12.71% whereas the 200 day moving average was down $-4.07 or -22.51%. Finally, BlackRock Inc. lifted its holdings in Chicago Bridge & Iron Company 51.9% during the second quarter. Vertical Research restated a "buy" rating and set a $20.00 price target on shares of Chicago Bridge & Iron Company a research report on Thursday, September 14th. State Street Corp now owns 4,059,198 shares of the construction company's stock valued at $80,086,000 after acquiring an additional 2,616,783 shares during the period.

Beck Mack & Oliver LLC lowered its position in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The Firm provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

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