Home  »  Markets   »  Barnes Group Inc. (B) – key numbers that make it...

Barnes Group Inc. (B) – key numbers that make it a Strong Buy For Now

Barnes Group Inc. (NYSE: B) is -30.11% lower on its value in year-to-date trading and has touched a low of $29.76 and a high of $52.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The B stock was last observed hovering at around $32.57 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $38.00 for the next 12 months. It is also 37.38% off the consensus price target high of $52.00 offered by 3 analysts, but current levels are 1.33% higher than the price target low of $33.00 for the same period.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored

Currently trading at $32.56, the stock is 4.24% and -1.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing -0.03% at the moment leaves the stock -19.75% off its SMA200. B registered -33.90% loss for a year compared to 6-month loss of -28.80%.

The stock witnessed a 2.52% gain in the last 1 month and extending the period to 3 months gives it a -14.47%, and is 5.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.75% over the week and 2.92% over the month.

Barnes Group Inc. (B) has around 5100 employees, a market worth around $1.62B and $1.27B in sales. Current P/E ratio is 16.48 and Fwd P/E is 11.86. Profit margin for the company is 8.00%. Distance from 52-week low is 9.41% and -37.47% from its 52-week high. The company has generated returns on investments over the last 12 months (6.00%).

Barnes Group Inc. (B) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Barnes Group Inc. (B) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.40, where 2 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Barnes Group Inc. is expected to release its quarterly report on 10/28/2022.The EPS is expected to grow by 57.60% this year.

Barnes Group Inc. (B) Top Institutional Holders

The shares outstanding are 51.02M, and float is at 48.24M with Short Float at 1.22%.

Barnes Group Inc. (B) Insider Activity

A total of 30 insider transactions have happened at Barnes Group Inc. (B) in the last six months, with sales accounting for 5 and purchases happening 25 times. The most recent transaction is an insider purchase by MANGUM MYLLE H,the company’sDirector. SEC filings show that MANGUM MYLLE H bought 60 shares of the company’s common stock on Jun 10 at a price of $35.59 per share for a total of $2151.0. Following the purchase, the insider now owns 22671.0 shares.

Barnes Group Inc. disclosed in a document filed with the SEC on May 10 that MANGUM MYLLE H (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on May 10 and was made at $32.25 per share for $0.16 million. Following the transaction, the insider now directly holds 22610.0 shares of the B stock.

Still, SEC filings show that on Mar 10, MANGUM MYLLE H (Director) acquired 50 shares at an average price of $42.48 for $2143.0. The insider now directly holds 27,610 shares of Barnes Group Inc. (B).

Barnes Group Inc. (B): Who are the competitors?

The company’s main competitors (and peers) include The Timken Company (TKR) that is trading -22.35% down over the past 12 months. Curtiss-Wright Corporation (CW) is 17.32% up on the 1-year trading charts.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts

111365

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.