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D.A. Davidson Expects Improved Earnings And Cash Flow To Continue For Chicago Bridge & Iron Company

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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. (NYSE: 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.

Latest Ratings for CBI

DateFirmActionFromTo
Apr 2018MaintainsNeutralNeutral
Dec 2017DowngradesBuyNeutral
Nov 2017MaintainsNeutral

View More Analyst Ratings for CBI
View the Latest Analyst Ratings

Posted-In: D.A. Davidson John B. RogersAnalyst Color Reiteration Analyst Ratings

 

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