Recent important positive changes in fundamentals have benefitted Barnes Group Inc (NYSE: B): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Barnes Group Inc (NYSE: B) has benefited from notable positive changes in investment behavior: the stock rose on very heavy volume.
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). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Barnes Group has a neutral Appreciation Score of 50 but a good Power Rating of 84, producing the Positive Value Trend Rating.
Recent Price Action
Barnes Group Inc (NYSE: B) stock closed at $40.79 on 7/10/24 after a large increase of 2.4%. Moreover, exceptionally high trading volume at 233% of normal accompanied the advance. The stock has risen 2.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
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