KeyCorp Weighs in on Chicago Bridge & Iron Company's Q2 2017 Earnings (CBI)

Gladys Abbott
May 19, 2017

The stock lost -2.84% in total of its share price. The firm owned 239,358 shares of the construction company's stock after buying an additional 8,265 shares during the period. About 3.83 million shares traded or 58.26% up from the average.

COPYRIGHT VIOLATION NOTICE: "Westley S. Stockton Sells 2,657 Shares of Chicago Bridge & Iron Company (CBI) Stock" was published by Sports Perspectives and is the sole property of of Sports Perspectives. It has underperformed by 30.76% the S&P500.

Among 2 analysts covering Idera Pharma (NASDAQ:IDRA), 2 have Buy rating, 0 Sell and 0 Hold.

CBI has been the topic of a number of recent analyst reports. The firm has "Market Perform" rating by JMP Securities given on Monday, April 3. The latest reports which are outstanding on Monday 15th of May state 3 analysts have a rating of "strong buy", 3 analysts "buy", 9 analysts "neutral", 2 analysts "sell" and 0 analysts "strong sell". Johnson Rice downgraded the shares of CBI in report on Wednesday, September 21 to "Hold" rating. The firm earned "Buy" rating on Wednesday, September 9 by Jefferies.

Since December 12, 2016, it had 0 buys, and 5 insider sales for $734,289 activity. SMITH GARY B sold $2.82 million worth of Ciena Corporation (NYSE:CIEN) on Wednesday, December 21. Also, insider James W. Sabin sold 14,762 shares of the company's stock in a transaction that occurred on Tuesday, March 28th. We have $19.92 PT which if reached, will make NYSE:CBI worth $198.90M less. The Company's Engineering and Construction segment provides engineering, procurement, and construction services. BlackRock Institutional Trust Company N.A. now owns 2,708,163 shares of the construction company's stock worth $75,910,000 after buying an additional 292,225 shares during the last quarter. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks. It has a 17.27 P/E ratio. It divisions include Networking Platforms; Software and Software-Related Services, and Global Services. Its up 0.15, from 1.11 in 2016Q3. Jaffetilchin Inv Prtn Lc has invested 0.07% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). 7,980,361 shares of the company were exchanged. Ahl Ptnrs Llp has invested 0.02% in Ciena Corporation (NYSE:CIEN). Hsbc Holding Plc reported 0.01% stake. Northern Trust has invested 0.02% in Ciena Corporation (NYSE:CIEN).

Tci Wealth Advisors Inc invested in 840 shares. 293,026 are held by Tiaa Cref Investment Limited Co. Insiders own 3.20% of the company shares. Susquehanna International Ltd Liability Partnership has invested 0% of its portfolio in Ciena Corporation (NYSE:CIEN). Guggenheim Capital Limited Com stated it has 0% in Idera Pharmaceuticals Inc (NASDAQ:IDRA). Blackrock Fund Advsr invested 0.04% of its portfolio in Ciena Corporation (NYSE:CIEN). About 1.16M shares traded. Wexford Limited Partnership holds 8,200 shares or 0.02% of its portfolio. The Colorado-based Jbf Capital Inc. has invested 0.29% in the stock. The company has market cap of $756.01 million.

About 1.01 million shares traded. It has underperformed by 6.37% the S&P500. Dreman Value Management L L C owns 4,750 shares.

Volatility of the shares is also to be considered while making the investment decisions. Finally, DA Davidson reiterated a "buy" rating on shares of Chicago Bridge & Iron Company in a research note on Monday, February 27th. Therefore 70% are positive.

14 analysts on average are expecting Chicago Bridge & Iron Company report earnings of $1.03 per share for the current quarter. On Wednesday, August 26 the stock rating was upgraded by Zacks to "Hold".

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Stock market analysts and brokers have recently amended their target prices on shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI). The firm has "Hold" rating given on Friday, March 17 by Argus Research.

5/17/2017-Robert W. Baird Reiterated Rating of Neutral. Stock has P/B of 7.10.

Historically, if we look at price target revisions, two weeks ago Chicago Bridge & Iron Company N.V. (NYSE:CBI)'s price target was revised on 4/20/17 by the analysts, however the bullish price estimates of the stock set at $46 while the bearish estimates kept at $31 over the next one year. As per Monday, September 26, the company rating was maintained by Credit Suisse. The rating was upgraded by Tudor Pickering on Wednesday, October 28 to "Buy".

03/17/2017 - Chicago Bridge & Iron Company N.V. was downgraded to "hold" by analysts at Argus. Credit Suisse has "Outperform" rating and $37 target.

Investors sentiment increased to 3.31 in Q4 2016. 79 funds opened positions while 113 raised stakes.

A number of hedge funds have recently made changes to their positions in the stock. Pinnacle Assoc has 123,971 shares for 0.08% of their portfolio. Chicago Bridge & Iron Company has a 52-week low of $18.19 and a 52-week high of $39.71.

On 3/30/2017 Chicago Bridge & Iron Company N.V. (CBI) reported its EPS in the last quarter as $0.24/Share lagging the analyst estimate of $0.94/Share by the difference of $-0.7.

Chicago Bridge & Iron Company N.V. had its " rating reiterated by analysts at Citigroup.

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