News stories about Barnes Group (NYSE:B) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Barnes Group earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 44.5487654053729 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several equities research analysts have recently commented on the stock. SunTrust Banks reiterated a “hold” rating and set a $67.00 price objective on shares of Barnes Group in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Wednesday, January 10th. ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Robert W. Baird reissued a “hold” rating and set a $65.00 target price on shares of Barnes Group in a report on Sunday, October 29th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Barnes Group currently has an average rating of “Buy” and an average target price of $68.17.
Barnes Group (NYSE:B) opened at $67.85 on Friday. 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. The firm has a market cap of $3,637.51, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 2.17 and a beta of 1.36.
Barnes Group (NYSE:B) last released its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). The firm had revenue of $357.16 million during the quarter, compared to analysts’ expectations of $351.01 million. Barnes Group had a net margin of 11.20% and a return on equity of 12.44%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. equities research analysts expect that Barnes Group will post 2.85 EPS for the current fiscal year.
In related news, SVP Christopher J. Stephens sold 15,700 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $63.53, for a total transaction of $997,421.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas O. Barnes sold 1,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $66.36, for a total transaction of $99,540.00. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.
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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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