Barnes Group Inc. Sets New 1-Year High at $38.75 (B)
Barnes Group (NYSE:B) set a new 52-week high during trading hours on Thursday, Stock Ratings Network.com reports. The company traded as high as $38.75 and last traded at $38.33, with a volume of 215,568 shares. The stock had previously closed at $37.90.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Barnes Group from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, December 30th. They now have a $41.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Barnes Group in a research note to investors on Wednesday, November 20th. They now have a $38.00 price target on the stock, up previously from $37.00. Finally, analysts at Jefferies Group raised their price target on shares of Barnes Group from $35.00 to $37.00 in a research note to investors on Tuesday, November 5th. They now have a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $38.20.
Barnes Group has a 1-year low of $21.84 and a 1-year high of $38.75. The stock has a 50-day moving average of $37.03 and a 200-day moving average of $34.58. The company has a market cap of $2.016 billion and a price-to-earnings ratio of 7.63.
Barnes Group (NYSE:B) last announced its earnings results on Friday, October 25th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.52 by $0.16. The company had revenue of $269.00 million for the quarter, compared to the consensus estimate of $279.80 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts expect that Barnes Group will post $1.80 EPS for the current fiscal year.
Barnes Group Inc (NYSE:B) is an international aerospace and industrial manufacturer and service provider, serving a range of end markets and customers.
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