Chicago Bridge & Iron Company N (CBI) – Deutsche Bank Holds Rating And Sets New Price Target

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

On July 24, 2017 the stock rating was rated “Neutral” according to a Credit Suisse report which was a cut from the previous “Outperform” rating. August 10 investment analysts at Deutsche Bank made no change to the company rating of “Buy” and lowered the price target from $45.00 to $21.00.

On August 16 the company was downgraded from “Buy” to “Hold” in a report from Jefferies. On August 22 Deutsche Bank kept the stock rating at “Buy” but moved down the price target to $13.00 from $21.00.

The company is trading up by 2.16% percent from yesterday’s close. It is currently trading at $16.10 a tad above the 50 day moving average of $15.73 and a great deal lower than the 200 day moving average of $18.58. The 50 day moving average moved up $0.37 and the 200 day average moved down $-2.48.

Chicago Bridge & Iron Company N.V. (CB&I), incorporated in 1889, provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services, and provides various Government services. The Company operates through four segments: Engineering and Construction, Fabrication Services, Technology and Capital Services..

In the latest earnings report the EPS was $-9.40 and is expected to be $-1.83 for the current year with 101,169,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.53 and the next full year EPS is anticipated to be $2.10.

Investors are more bullish on shares of the company lately considering the decrease in short interest. The firm realized a fall in short interest of -12.97% as of the latest report on September 29, 2017. Short shares decreased 3,781,707 over that period. Days to cover decreased 0.0 to 8.0 and the percentage of shorted shares is 0.25% as of September 29.

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