Chicago Bridge & Iron Company (CBI) Lowered to Hold at Argus

Argus downgraded shares of Chicago Bridge & Iron Company (NYSE:CBI) from a buy rating to a hold rating in a research report report published on Friday. They currently have $43.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson reaffirmed a buy rating on shares of Chicago Bridge & Iron Company in a research report on Monday, February 27th. Zacks Investment Research cut shares of Chicago Bridge & Iron Company from a hold rating to a sell rating in a research report on Wednesday, December 28th. Vetr cut shares of Chicago Bridge & Iron Company from a strong-buy rating to a buy rating and set a $39.78 price target for the company. in a research report on Monday, December 12th. MKM Partners set a $43.00 price target on shares of Chicago Bridge & Iron Company and gave the stock a buy rating in a research report on Tuesday, November 22nd. Finally, Citigroup Inc upped their price target on shares of Chicago Bridge & Iron Company from $30.00 to $36.00 and gave the stock a neutral rating in a research report on Monday, January 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $38.14.

Analyst Recommendations for Chicago Bridge & Iron Company (NYSE:CBI)

Chicago Bridge & Iron Company (NYSE:CBI) traded down 1.08% during midday trading on Friday, reaching $29.44. 1,187,336 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $32.81 and its 200-day moving average is $31.36. The stock’s market capitalization is $2.95 billion. Chicago Bridge & Iron Company has a 12-month low of $26.12 and a 12-month high of $41.33.

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The business also recently declared a special dividend, which will be paid on Friday, March 31st. Shareholders of record on Monday, March 20th will be issued a $0.07 dividend. The ex-dividend date is Thursday, March 16th. Chicago Bridge & Iron Company’s dividend payout ratio is currently 10.18%.

Several hedge funds and other institutional investors have recently bought and sold shares of CBI. Hanson & Doremus Investment Management bought a new position in Chicago Bridge & Iron Company during the fourth quarter worth about $104,000. Menora Mivtachim Holdings LTD. bought a new position in Chicago Bridge & Iron Company during the fourth quarter worth about $105,000. Cedar Wealth Management LLC boosted its position in Chicago Bridge & Iron Company by 6.4% in the third quarter. Cedar Wealth Management LLC now owns 3,800 shares of the company’s stock worth $107,000 after buying an additional 230 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Chicago Bridge & Iron Company by 131.7% in the third quarter. Acrospire Investment Management LLC now owns 4,398 shares of the company’s stock worth $123,000 after buying an additional 2,500 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in Chicago Bridge & Iron Company during the fourth quarter worth about $134,000. 67.93% of the stock is owned by institutional investors and hedge funds.

About Chicago Bridge & Iron Company

Chicago Bridge & Iron Company N.V. (CB&I) 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.

5 Day Chart for NYSE:CBI

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