Barnes Group Inc (NYSE: B) has benefited from meaningful positive changes in fundamentals: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Recent notable positive changes in investment behavior have benefitted Barnes Group Inc (NYSE: B): the stock’s recent price rise disrupted its longer term downtrend.
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 54 but a good Power Rating of 76, and the Positive Value Trend Rating results.
Recent Price Action
On 6/5/24, Barnes Group Inc (NYSE: B) stock increased 1.9%, closing at $38.49. However, trading volume in this advance was below average at 77% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.1% during the last week.
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