Stock Technical Report on Chicago Bridge & Iron Co NV (NYSE:CBI)

Chicago Bridge & Iron Co NV (NYSE:CBI) (TREND ANALYSIS) shares were traded with a doubled volume. The stock closed last trading session at $55.01, up by 8.01%, with a volume of 6,429,398 shares against an average volume for the last 3 months of 2,159,010.

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CBI reported last quarter earnings on April 23. The Building & Heavy Construction company announced earnings per share of $1.21 against a consensus Street estimate of $1.14, beating the average estimate by $0.07. This corresponds to a decrease of $0.03 compared to the same quarter of the previous fiscal year.

Chicago Bridge & Iron Co NV (NYSE:CBI) is currently trading 34.5% below its 52-week-high, 71.05% above its 52-week-low. The 1-year range for the stock is $32.16 – $83.99. Chicago Bridge & Iron Co NV (CBI) has a price to earnings ratio of 10.24 versus Industrial Goods sector average of 27.39. CBI stock price has outperformed the S&P 500 by 27.9%. The Building & Heavy Construction company is currently valued at $5.98 billion and its share price closed the last trading session at $55.01. The stock has a 50-day moving average of $49.83 and a 200-day moving average of $45.98.

Chicago Bridge & Iron Co NV (CBI) current short interest stands at 15.06 million shares. It has increased by 4% from the same period of last month. Around 15% of the company’s shares, which are float, are short sold. With a 10-days average volume of 3.26 million shares, the number of days required to cover the short positions stand at 4.7 days.

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There are currently twenty analysts that cover CBI stock. Of those twenty, ten have a Buy rating, six have a Hold rating and four have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $55.79.

A recent analyst activity consisted of Tudor Pickering downgrading their Buy rating to on May 11. On the date of report, the stock closed at $48.77.

Barclays reiterated their Overweight stance on April 23, and increased their price target on CBI stock from $54 to $59. This corresponds to a 7.25% upside from the last closing price. On the date of report, the stock closed at $51.1.

Another research firm was Jefferies who reiterated their Buy stance on February 25. Jefferies decreased price target from $95 to $75. This translates to a 36.34% upside from the last closing price. On the date of report, the stock closed at $47.58.

Company profile

Chicago Bridge & Iron Company N.V. provides design, engineering, construction, fabrication, maintenance and environmental services. The Company builds and repairs bulk liquid terminals, storage tanks, process vessels, and low temperature and cryogenic storage facilities. CB&I offers its services worldwide to the oil and gas, infrastructure, wastewater and power industries.

Stock Technical Report on Chicago Bridge & Iron Co NV (NYSE:CBI) was last modified: May 17th, 2015 by Jason Ford