Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Barnes Group Inc (NYSE: B) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Barnes Group Inc (NYSE: B) stock rose modestly by 0.4% on 10/25/24. The stock closed at $46.90. Moreover, this advance was accompanied by above average trading volume at 141% of normal. The stock has been strong relative to the market over the last nine months and has risen 0.8% during the last week.
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 C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Barnes Group has a neutral Appreciation Score of 46 but a good Power Rating of 79, producing the High Neutral Value Trend Rating.
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