Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Barnes Group Inc Market Cap
Based on ratings from 4 stock analysts, the Barnes Group Inc stock price is expected to increase by 2.26% in 12 months. This is calculated by using the average 12-month stock price forecast for Barnes Group Inc. The lowest target is $47.5 and the highest is $48.69. Please note analyst price targets are not guaranteed and could be missed completely.
About 4 Wall Street analysts have assignedB 1 buy ratings, 3 hold ratings, and 0 sell ratings. This means that analysts expect Barnes Group Inc to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on B. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of B.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Michael Ciarmoli Truist Securities | Hold | $47.5 | Maintains | Oct 8, 2024 |
| Matt Summerville DA Davidson | Neutral | $47.5 | Downgrade | Oct 7, 2024 |
| Matt Summerville DA Davidson | Buy | $52 | Maintains | Jul 29, 2024 |
| Michael Ciarmoli Truist Securities | Hold | $38 | Maintains | Jul 29, 2024 |
| Christopher Glynn Oppenheimer | Outperform | $48 | Maintains | Jun 14, 2024 |
| Matt Summerville DA Davidson | Buy | $48 | Maintains | Jun 13, 2024 |
| Matt Summerville DA Davidson | Buy | $45 | Upgrade | Apr 18, 2024 |
| Christopher Glynn Oppenheimer | Outperform | $43 | Maintains | Feb 20, 2024 |
| Michael Ciarmoli Truist Securities | Hold | $34 | Maintains | Jan 10, 2024 |
| Christopher Glynn Oppenheimer | Outperform | $30 | Maintains | Oct 30, 2023 |
| Michael Ciarmoli Truist Securities | Hold | $37 | Maintains | Oct 20, 2023 |
| Michael Ciarmoli Truist Securities | Hold | $40 | Maintains | Jul 21, 2023 |
| Michael Ciarmoli Truist Securities | Hold | $37 | Maintains | Apr 24, 2023 |
| Michael Ciarmoli Truist Securities | Hold | $40 | Maintains | Feb 21, 2023 |
| Christopher Glynn Oppenheimer | Outperform | $48 | Maintains | Nov 29, 2022 |
| Myles Walton Wolfe Research | Peer Perform | Initiates | Oct 11, 2022 | |
| Michael Ciarmoli Truist Securities | Hold | $33 | Maintains | Jul 19, 2022 |
| Michael Ciarmoli Truist Securities | Hold | $41 | Maintains | Apr 19, 2022 |
Alembic Global | Neutral | Downgrade | Apr 11, 2022 | |
SunTrust Robinson Humphrey | Hold | $30 | Maintains | Jul 15, 2020 |
When did it IPO
1984
Staff Count
6,500
Country
United States
Sector/Industry
Industrials/Specialty Industrial Machinery
CEO
Mr. Thomas J. Hook
Market Cap
$2.39B
In 2023, B generated $1.45B in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that B's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 30 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Barnes Group's financial stability and growth prospects may be influenced by its reliance on international revenue, which could impact stock price performance.
Why It Matters - Barnes Group's reliance on international revenue impacts its financial stability and growth potential, influencing stock price performance amid global market fluctuations and geopolitical risks.
Mon, 28 Oct 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - B reported a 7% year-over-year sales increase in Q3, attributed to strong performance in its Aerospace segment.
Why It Matters - B's 7% sales growth, fueled by a strong Aerospace segment, indicates robust demand and potential for continued profitability, signaling positive future performance for investors.
Fri, 25 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Barnes Group Inc. reported strong orders in its Aerospace OEM business for Q3 2024, despite production delays. The Aerospace aftermarket business also remains robust.
Why It Matters - Strong orders in Barnes Group's Aerospace OEM segment indicate robust demand, potentially signaling future revenue growth, which can positively impact stock performance and investor confidence.
Fri, 25 Oct 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Barnes Group (B) reported Q3 earnings of $0.09 per share, missing the Zacks estimate of $0.39 and down from $0.19 per share year-over-year.
Why It Matters - Barnes Group's significant earnings miss signals potential operational issues, impacting investor confidence and possibly leading to stock price declines.
Fri, 25 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Barnes Group's Q3 2024 revenue and EPS performance should be analyzed against Wall Street estimates and year-ago figures for a comprehensive understanding of its business performance.
Why It Matters - Comparing Barnes Group's revenue and EPS to Wall Street estimates and previous year figures provides insights into growth trends, market expectations, and overall financial health, impacting investor sentiment.
Tue, 08 Oct 2024
Sentiment - NEUTRAL
Source - Accesswire
Summary - Monteverde & Associates is investigating Barnes Group Inc. (NYSE:B) regarding its merger with Apollo Global Management, where shareholders will receive $47.50 per share in cash.
Why It Matters - The investigation into Barnes Group's merger with Apollo could impact shareholder value, as it may affect the terms or execution of the proposed cash conversion.
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