Chicago Bridge & Iron (CBI) Crumbles: Stock Falls by 5.2%
Chicago Bridge & Iron Company N.V. (CBI) saw a big move last session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as the stock is now trading within the volatile price range of $81.9 to $87.7 in the past one-month time frame.
This Construction company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CBI currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the Building and Heavy Construction industry is MasTec, Inc. (MTZ) which holds a Zacks Rank #1 (Strong Buy).
Investors interested in the Construction sector may consider better-ranked stocks like Pernix Group Inc (PRXG) and William Lyon Homes (WLH). All these stocks carry a Zacks Rank #1 (Strong Buy).
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CHICAGO BRIDGE & IRON CO N V (CBI): Free Stock Analysis Report
WILLIAM LYON HOMES (WLH): Free Stock Analysis Report
PERNIX GROUP INC (PRXG): Free Stock Analysis Report
MASTEC INC (MTZ): Free Stock Analysis Report
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