Zacks Investment Research reported on Barnes Group Inc. (NYSE:B), stepping up its target price to $46.00 today
- Updated: September 28, 2016
Just yesterday Barnes Group Inc. (NYSE:B) traded 1.65% higher at $40.65. The company’s 50-day moving average is $40.41 and its 200-day moving average is $36.23. The last closing price is up 12.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 156,853 shares of B changing hands under the typical 186,634
Barnes Group Inc. (NYSE:B) had its price target raised to $46.00 by Zacks Investment Research in an issued report announced 9/28/2016. The bumped up target suggests a potential upside of 0.13% from the company's previous stock price.
Previously on Monday August 01, 2016, Jefferies & Co released a statement about Barnes Group Inc. (NYSE:B) increased the target price from $41.00 to $44.00. At the time, this indicated a possible upside of 0.13%.
With a total market value of $0, Barnes Group Inc. has price-earnings ratio of 18.57 with a one year low of $30.07 and a one year high of $41.86 .
A total of 7 brokers have issued a research note on the company. 3 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $40.71.
About Barnes Group Inc. (NYSE:B)
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. Its segments include Industrial and Aerospace. The Industrial segment includes the Molding Solutions, Engineered Components and Nitrogen Gas Products business units. The Aerospace segment includes the original equipment manufacturer (OEM) business and the aftermarket business, which comprises maintenance overhaul and repair (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts. The Industrial segment is a manufacturer of engineered, precision parts, products and systems for critical applications serving customer base in end-markets.
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