Shares of Barnes Group Inc. (NYSE:B) have been given an average recommendation of “Buy” by the nine analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $68.17.

A number of brokerages have issued reports on B. Zacks Investment Research raised Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Wednesday, January 10th. SunTrust Banks reaffirmed a “hold” rating and issued a $67.00 target price on shares of Barnes Group in a research report on Tuesday, January 9th. ValuEngine raised Barnes Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $65.00 target price on shares of Barnes Group in a research report on Sunday, October 29th.

Barnes Group (NYSE B) opened at $67.79 on Tuesday. The firm has a market capitalization of $3,634.26, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 2.17 and a beta of 1.36. Barnes Group has a fifty-two week low of $45.47 and a fifty-two week high of $72.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.20 and a quick ratio of 1.45.

Barnes Group (NYSE:B) last released its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.03). The company had revenue of $357.16 million during the quarter, compared to analysts’ expectations of $351.01 million. Barnes Group had a return on equity of 12.44% and a net margin of 11.20%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS. equities analysts forecast that Barnes Group will post 2.85 earnings per share for the current year.

In related news, Director Thomas O. Barnes sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $66.36, for a total transaction of $99,540.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Christopher J. Stephens sold 15,700 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $63.53, for a total value of $997,421.00. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC grew its stake in Barnes Group by 4,461.8% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the industrial products company’s stock worth $109,000 after buying an additional 1,517 shares during the last quarter. Pacad Investment Ltd. grew its stake in Barnes Group by 5.9% during the 2nd quarter. Pacad Investment Ltd. now owns 1,800 shares of the industrial products company’s stock worth $105,000 after buying an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Barnes Group during the 2nd quarter worth $109,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Barnes Group by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,092 shares of the industrial products company’s stock worth $122,000 after buying an additional 188 shares during the last quarter. Finally, Acrospire Investment Management LLC grew its stake in Barnes Group by 16.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,178 shares of the industrial products company’s stock worth $127,000 after buying an additional 300 shares during the last quarter. 86.29% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/16/barnes-group-inc-b-receives-average-recommendation-of-buy-from-brokerages.html.

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.

Analyst Recommendations for Barnes Group (NYSE:B)

Receive News & Ratings for Barnes Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group and related companies with MarketBeat.com's FREE daily email newsletter.