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In a report published Wednesday, D.A. Davidson analyst John B. Rogers reiterated a Buy rating and $70.00 price target on
Chicago Bridge & Iron Company N.V.CBI.
In the report, D.A. Davidson noted, "This compared to $1.80 last year. Reported earnings included $0.10 per share of acquisition-related costs. Prior year EPS included $0.11 of acquisition costs and a $0.72 tax benefit. Pre-tax and operating income increased substantially, driven by 12% revenue growth and 100bp of operating margin expansion. Full-year EPS of $4.98 compared to $4.23 in 2013, a continuation of a multi-year growth trend."
Chicago Bridge & Iron Company closed on Tuesday at $41.72.
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