Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $41.79 on Chicago Bridge & Iron Company N.V. (NYSE:CBI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.75 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Chicago Bridge & Iron Company N.V. (NYSE:CBI) stands at N/A.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Chicago Bridge & Iron Company N, the PEG ratio for coming 3-5 years is 5.30.
The technical analysis highlights that Chicago Bridge & Iron Company N current is trading $-3.99 points away or -11.52% from its 50-day moving average of $34.64. Further it is trading $-5.31 or -14.76% away its 200-day moving average of $35.96.
The 52-week high of Chicago Bridge & Iron Company N.V. (NYSE:CBI) was $46.39 while lowest point recorded in 52-week was $30.61. It implies if stock price makes a movement of over $-15.74, it will record a new 52-week high. In the case of +0.13% drop, it will touch a new 52-week low.
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