Chicago Bridge & Iron Company (CBI) Given New $48.00 Price Target by Barclays Capital (BCS) Analysts.
Thursday, June 23, 2021 4:01 PM

Equities research analysts at Barclays Capital (NYSE: BCS) boosted their price target on shares of Chicago Bridge & Iron Company (NYSE: CBI) from $46.00 to $48.00 in a research note to investors on Thursday. The analysts currently have an "overweight" rating on the stock.

Separately, analysts at Credit Suisse (NYSE: CS) upgraded shares of Chicago Bridge & Iron Company from a "neutral" rating to an "outperform" rating in a research note to investors on Monday, April 11st. Also, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Chicago Bridge & Iron Company in a research note to investors on Tuesday, March 29th. They now have a $43.00 price target on the stock.

Shares of Chicago Bridge & Iron Company traded down 1.29% during mid-day trading on Friday, hitting $35.08. Chicago Bridge & Iron Company has a 52 week low of $17.87 and a 52 week high of $42.49. The stock's 50-day moving average is $36.43 and its 200-day moving average is $36.03. The company has a market cap of $3.504 billion and a price-to-earnings ratio of 16.76.

Chicago Bridge & Iron Company last announced its quarterly results on Tuesday, April 26th. The company reported $0.50 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.54 EPS by $0.04. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 9.80% on a year-over-year basis. On average, analysts predict that Chicago Bridge & Iron Company will post $0.63 EPS next quarter.

Chicago Bridge & Iron N.V. (CB&I) is an engineering, procurement and construction (EPC) company and process technology licensors, delivering solutions to customers in the energy and natural resource industries. During the year ended December 31, 2009, CB&I executed over 600 projects in more than 70 countries for customers in a variety of industries. The Company is comprised of three business sectors: CB&I Steel Plate Structures, CB&I Lummus, and Lummus Technology.

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