Stock FAQs

why did cbi stock drop

by Hailey Eichmann Published 2 years ago Updated 2 years ago
image

What is Chicago Bridge Iron's (CBI) stock price?

Chicago Bridge Iron trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBI." What is Chicago Bridge Iron's stock price today? One share of CBI stock can currently be purchased for approximately $16.39.

What did CIBC’s earnings report say about its stock?

CIBC stock announced a strong earnings report yet again for the quarter. The company announced adjusted earnings per share (EPS) of $3.93 — 45% higher than the year before. Net income was also on the rise — up 48% year over year to $1.73 billion — and total revenue was up 7% to $5.06 billion.

Should you buy CIBC stock while it’s down?

Motley Fool investors may want to seize this opportunity to buy some CIBC stock while it’s down. Analysts continue to put the average share price in the next year at $158. That’s a potential upside of 8% as of writing.

Will Chicago Bridge Iron (CBI) outperform or underperform the S&P 500?

MarketBeat's community ratings are surveys of what our community members think about Chicago Bridge Iron and other stocks. Vote “Outperform” if you believe CBI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CBI will underperform the S&P 500 over the long term. You may vote once every thirty days.

image

What happened to Chicago Bridge and Iron Stock?

In May 2018 the company was acquired by McDermott International for US$6 billion. After being acquired by McDermott, CB&I's stock ceased being listed on the NYSE on May 11, 2018.

Is CBI publicly traded?

Chicago Bridge Iron trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBI."

What is a CBI stock?

Chicago Bridge & Iron Company N.V. (CBI) 16.39 +0.27 (+1.67%) 05/10/18 [NYSE]

Who bought out Chicago Bridge and Iron?

McDermott International Inc.Houston-based McDermott International Inc. (NYSE: MDR) acquired CB&I in a $6 billion deal in May. At that time, McDermott CEO David Dickson said the energy engineering and construction company hadn't yet decided what to do with CB&I's headquarter buildings.

How were Chicago Bridge Iron's earnings last quarter?

Chicago Bridge Iron Company NV (NYSE:CBI) announced its quarterly earnings data on Monday, April, 23rd. The construction company reported $0.63 EPS...

Is Chicago Bridge Iron a good dividend stock?

Chicago Bridge Iron(NYSE:CBI) pays an annual dividend of $0.07 per share and currently has a dividend yield of 0.00%. View Chicago Bridge Iron's d...

Who are Chicago Bridge Iron's key executives?

Chicago Bridge Iron's management team includes the following people: Patrick K. Mullen , President, Chief Executive Officer Michael S. Taff , Ch...

Who are some of Chicago Bridge Iron's key competitors?

Some companies that are related to Chicago Bridge Iron include Quanta Services (PWR) , AECOM (ACM) , KBR (KBR) , MasTec (MTZ) , EMCOR Group (E...

What other stocks do shareholders of Chicago Bridge Iron own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Chicago Bridge Iron investors own include AbbVie (ABBV) ,...

What is Chicago Bridge Iron's stock symbol?

Chicago Bridge Iron trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBI."

What is Chicago Bridge Iron's stock price today?

One share of CBI stock can currently be purchased for approximately $16.39.

What is Chicago Bridge Iron's official website?

The official website for Chicago Bridge Iron is www.cbi.com .

How can I contact Chicago Bridge Iron?

Chicago Bridge Iron's mailing address is PRINSES BEATRIXLAAN 35, THE HAGUE P7, 2595 AK . The construction company can be reached via phone at 31-...

What happened?

CIBC stock announced a strong earnings report yet again for the quarter. The company announced adjusted earnings per share (EPS) of $3.93 — 45% higher than the year before. Net income was also on the rise — up 48% year over year to $1.73 billion — and total revenue was up 7% to $5.06 billion.

So what?

The combination of having to continue to be competitive while also modernizing and adjusting for low interest rates put a lot of pressure on CIBC stock. Instead of rising as some of its peers have, there was a pullback in the stock after reaching all-time highs. That’s despite excellent news for the company.

Now what?

Motley Fool investors may want to seize this opportunity to buy some CIBC stock while it’s down. Analysts continue to put the average share price in the next year at $158. That’s a potential upside of 8% as of writing.

Stock Advisor Canada Returns

Returns since inception, October 2013. Current as of February 22, 2022.

The Swedish maker of health-conscious energy drinks is sliding down from last week's all-time highs. A mixed earnings report didn't exactly help

Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.

Key Points

The stock has still nearly quadrupled in 52 weeks as the American market embraced Celsius' energy drinks.

What happened

Shares of Celsius Holdings ( NASDAQ:CELH) have lost 19.3% of their value this week, as of 11:25 a.m. EST, according to data from S&P Global Market Intelligence. The fitness drink maker posted a mixed earnings report on Thursday evening that sped up the plunge, but Celsius shares have been sliding all week long.

So what

Third-quarter sales more than doubled year over year to $94.9 million. Breaking down the 157% jump in overall sales, you'll find that the North American market delivered a 214% revenue boost while international markets almost held firm with a 5% increase. Wall Street's consensus estimates called for total sales near $75 million.

Now what

On the other hand, last Friday's closing price was an all-time high, 118% above Celsius' starting price in 2021. The company is barely profitable, focusing its financial assets and strategies on maximizing revenue growth during this period of explosive market gains.

image
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 1 2 3 4 5 6 7 8 9