Chicago Bridge & Iron Company N (NYSE:CBI):
CB&I to Participate in D.A. Davidson 16th Annual Engineering & Construction Conference.
In the market the company is trading up by 2.97% percent from yesterday’s close.
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..
The stock is trading at $14.57 a tad above the 50 day moving average which is $14.01 and which is significantly below the 200 day moving average of $21.76. The 50 day moving average was up $0.56 and the 200 day average moved down $-7.19.
As of the last earnings report the EPS was $-9.40 and is projected to be $-1.83 for the current year with 101,169,000 shares now outstanding. Next quarter’s EPS is estimated at $0.53 with next year’s EPS anticipated to be $2.10.
Investors are a little more bearish on shares of the company of late as inferred by the increase in short interest. The stock saw a rise in short interest between July 31, 2017 and August 15, 2017 of 0.21%. Short interest grew 50,444 over that period. The short-interest ratio increased to 3.0 and the percentage of shorted shares is 0.23% as of August 15.
A few investment firms have released opinions on CBI of late. August 22 investment analysts at Deutsche Bank left the company rating at “Buy” but moved down the price target from $21.00 to $13.00. On August 16 the company was changed to “Hold” in a report from Jefferies which was a cut from the previous “Buy” rating.
On August 10 Deutsche Bank maintained a stock rating of “Buy” and moved down the price target to $21.00 from $45.00. On July 24 the company was downgraded from “Outperform” to “Neutral” in a report issued by Credit Suisse.