Significant positive changes in Barnes Group Inc (NYSE: B) fundamentals have recently occurred: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Barnes Group Inc (NYSE: B). Important positive changes in investment behavior have recently occurred: its longer term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Barnes Group has a neutral Appreciation Score of 55 but a good Power Rating of 80, and the Positive Value Trend Rating results.
Recent Price Action
On 6/13/24, Barnes Group Inc (NYSE: B) stock enjoyed a large increase of 2.0%, closing at $39.19. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.8% during the last week.
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