Barnes Group (B) Getting Somewhat Favorable Press Coverage, Study Shows
Headlines about Barnes Group (NYSE:B) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Barnes Group earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 44.2906815125056 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
B has been the subject of several analyst reports. BidaskClub lowered shares of Barnes Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. increased their target price on shares of Barnes Group from $58.00 to $67.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank AG increased their target price on shares of Barnes Group from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $60.00 target price on shares of Barnes Group in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $65.75.
Shares of Barnes Group (NYSE:B) opened at 71.54 on Monday. The firm’s 50-day moving average is $67.18 and its 200-day moving average is $59.47. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 25.01 and a beta of 1.44. Barnes Group has a one year low of $37.95 and a one year high of $73.84.
Barnes Group (NYSE:B) last posted its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.12. The business had revenue of $364.49 million during the quarter, compared to analysts’ expectations of $337.69 million. Barnes Group had a return on equity of 13.02% and a net margin of 11.69%. The business’s revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. Equities research analysts forecast that Barnes Group will post $2.90 EPS for the current year.
In other news, Director Thomas O. Barnes sold 755 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $61.22, for a total value of $46,221.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Marian Acker sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $60.38, for a total value of $362,280.00. The disclosure for this sale can be found here. Insiders sold 8,755 shares of company stock valued at $528,361 over the last 90 days. Company insiders own 8.50% of the company’s stock.
Barnes Group Company Profile
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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