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Zacks Equity Research

Chicago Bridge & Iron (CBI) Looks Good: Stock Jumps 6.2%
November 23, 2016


Trades from $3

Chicago Bridge & Iron Company N.V. (CBI - Free Report) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $26.64 to $32.02 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of four increases and four decreases over the past one month, while the Zacks Consensus Estimate has moved higher over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Chicago Bridge & Iron currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is positive.

A better-ranked stock in the same industry is EMCOR Group Inc. (EME - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CBI going up? Or down? Predict to see what others think: Up or Down.

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