Somewhat Positive Media Coverage Somewhat Unlikely to Impact Barnes Group (NYSE:B) Stock Price
Media headlines about Barnes Group (NYSE:B) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Barnes Group earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 44.7989372363698 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Kempner Capital Management Inc. Buys Williams-Sonoma Inc, Pfizer Inc, The Kroger Co, Sells … (nasdaq.com)
- Barnes Group Inc. to Ring Closing Bell at The NYSE In Celebration of the Company’s 160 th Anniversary (enhancedonlinenews.com)
- Barnes Group Inc. to Ring Closing Bell at The NYSE In Celebration of the Company’s 160th Anniversary (finance.yahoo.com)
- Clients are ‘like family’ at Frank D. Marrocco, CPA (newbritainherald.com)
Several research analysts have weighed in on B shares. Sidoti cut Barnes Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 24th. Zacks Investment Research upgraded Barnes Group from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Monday, May 22nd. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $63.00 target price on shares of Barnes Group in a report on Tuesday, May 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Barnes Group presently has a consensus rating of “Buy” and a consensus price target of $56.00.
Barnes Group (NYSE:B) traded down 0.63% during trading on Tuesday, reaching $59.88. The company’s stock had a trading volume of 72,529 shares. Barnes Group has a 52-week low of $35.96 and a 52-week high of $60.74. The company has a market cap of $3.22 billion, a PE ratio of 22.60 and a beta of 1.43. The stock has a 50-day moving average price of $57.31 and a 200 day moving average price of $51.68.
Barnes Group (NYSE:B) last posted its quarterly earnings data on Friday, April 28th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. Barnes Group had a return on equity of 12.49% and a net margin of 11.30%. The firm had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $314.81 million. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, analysts expect that Barnes Group will post $2.78 EPS for the current year.
In other Barnes Group news, Director Mylle H. Mangum sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $53.91, for a total transaction of $161,730.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas O. Barnes sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $54.56, for a total value of $136,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 28,250 shares of company stock valued at $1,552,653 over the last 90 days. 8.50% of the stock is currently owned by company insiders.
About Barnes Group
Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.
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