Texas (September 4, 2013) Wax Ink has issued a Negative Investment Interest opinion for Chicago Bridge and Iron Company N.V. (NYSE: CBI) based on a recent baseline equity review which placed fair value between $41-$49.
The recent close of $62.78 is approximately 159% above the fair value buy target for the stock and approximately 26% above the fair value close target for the stock. The recent close is also 12% below analysts' twelve-month $71.00 median price target for the stock.
The recent close represents a 66% increase in the one year price of the stock, while year-over year sales increased 21%, year-over-year earnings increased 20%, and year-over-year debt increased 1937%.
The stock currently has a trailing twelve-month PE Ratio of 17, and a PEG Ratio of 1.1 basis estimated forward earnings growth of 15.5%.
In the past 52 weeks, share prices have moved between a high of $64.91 and a low of $36.60, placing equilibrium at $57.48.
With the recent close, the stock is trading 3% below the 52 week high, 42% above the 52 week low, and 8% above equilibrium.
The three-month average daily trading volume for the stock is approximately 1.2 million shares.
Chicago Bridge and Iron Company N.V. is an energy infrastructure focused company, providing conceptual design, technology, engineering, procurement, fabrication, construction, and commissioning services to customers in the energy, petrochemical, and natural resource industries worldwide.
The company's listed competitors include Bechtel Group, Inc., Matrix Service Company,and Mitsubishi Heavy Industries, Ltd.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.