Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Barnes Group Inc (NYSE: B) improved during the last several trading days. B’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Barnes Group Inc (NYSE: B) stock closed at $38.49 on 5/31/24 after a slight decline of -0.3%. Moreover, this decline was accompanied by unusually high trading volume at 173% of normal. The stock has declined -5.2% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
B’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Barnes Group has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Barnes Group has a neutral Appreciation Score of 54 but a good Power Rating of 75, producing the Positive Value Trend Rating.
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