Buzzing Stock: Chicago Bridge & Iron Company N.V. (NYSE:CBI)


As per the research groups listed in Thomson Reuters survey, Chicago Bridge & Iron Company N.V. (NYSE:CBI), the stock can touch mean price target of $41.7900 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $1.4000 per share in looming quarter and $4.7500 during current fiscal.

Technical Forecast

While evaluating Chicago Bridge & Iron Company N on the technical side, it is seen that the firm’s shares price is trading $-3.3401 points away or -9.9708% from its 50-day moving average of $33.4987. Further it is trading $-5.7708 or -16.0615% away its 200-day moving average of $35.9294. MA here stands for moving average.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) stock made a high of $46.3900 in last 12-months while the lowest level in same period was $29.2300. It entails if stock price makes a movement of over $-16.2314, it will make a new 52-week high. In the case of +3.1769% decline, it will touch a new 52-week low.

Valuation Level

The valuation of Chicago Bridge & Iron Company N is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Chicago Bridge & Iron Company N.V. (NYSE:CBI) P/E ratio is N/A. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Chicago Bridge & Iron Company N it stands at 4.9800.

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