Chicago Bridge & Iron Company N.V. (CBI) is Resumed by MKM Partners to Buy

Chicago Bridge & Iron Company N.V. (CBI) was Resumed by MKM Partners to “Buy”. MKM Partners advised their investors in a research report released on Jun 29, 2016.

Many Wall Street Analysts have commented on Chicago Bridge & Iron Company N.V.. Chicago Bridge & Iron Company N.V. was Upgraded by Johnson Rice to ” Buy” 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 -1.84 points or -5.39% at $32.29 with 13,97,881 shares getting traded on Monday. Post opening the session at $33.77, the shares hit an intraday low of $32.16 and an intraday high of $33.77 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 24, 2016, Patrick K Mullen (Executive Vice President) sold 11,985 shares at $36.65 per share price. According to the SEC, on Jun 7, 2016, Beth A Bailey (EXECUTIVE VICE PRESIDENT) sold 2,701 shares at $38.00 per share price. On Jun 1, 2016, Westley S. Stockton (VP, Controller, CAO) sold 1,561 shares at $38.70 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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