Chicago Bridge & Iron Company N.V. (CBI) is Upgraded by Johnson Rice to Buy

Chicago Bridge & Iron Company N.V. (CBI) was Upgraded by Johnson Rice to ” Buy”. Earlier the firm had a rating of “Accumulate ” on the company shares. Johnson Rice advised their investors in a research report released on May 16, 2016.

On the company’s financial health, Chicago Bridge & Iron Company N.V. reported $1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $1.12. The company had revenue of $2667.70 million for the quarter, compared to analysts expectations of $2813.15 million. The company’s revenue was down -14.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.21 EPS.

Chicago Bridge & Iron Company N.V. closed down -0.74 points or -1.97% at $36.88 with 18,13,220 shares getting traded on Friday. Post opening the session at $37.33, the shares hit an intraday low of $36.55 and an intraday high of $37.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 3, 2016, Westley S. Stockton (VP, Controller, CAO) sold 3,000 shares at $39.31 per share price. According to the SEC, on Apr 25, 2016, Beth A Bailey (EXECUTIVE VICE PRESIDENT) sold 2,000 shares at $40.00 per share price. On Mar 30, 2016, Edgar C. Ray (EXECUTIVE VICE PRESIDENT) sold 11,000 shares at $37.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Chicago Bridge and Iron Company N.V. (CBandI) provides a range of services to customers in the energy infrastructure market across the world. The Company also provides various Government services. CBandI operates through four segments: Engineering Construction and Maintenance which provides engineering procurement and construction (EPC) services for energy infrastructure facilities as well as integrated maintenance services; Fabrication Services which provides fabrication of piping systems process and nuclear modules; fabrication and erection of steel plate structures and manufacturing and distribution of pipe and fittings for various industries such as oil and gas mining mineral processing and power generation; Technology which provides licensed process technologies catalysts and engineered products and offers process planning and project development services and Environmental Solutions which provides environmental services for Government and private sector customers.

Chicago Bridge & Iron Company N.V.

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