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). 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 51 but a good Power Rating of 84, triggering the Positive Value Trend Rating.
Recent Price Action
Barnes Group Inc (NYSE: B) stock closed at $41.87 on 6/26/24 after a very large increase of 7.6%. Moreover, trading volume in this advance was exceptionally high at 392% of normal. The stock has risen 5.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
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