Barnes Group (NYSE:B) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Barnes Group Inc. is a global industrial and aerospace manufacturer and service provider, serving a wide range of end markets and customers. “

B has been the subject of several other research reports. DA Davidson set a $67.00 price objective on Barnes Group and gave the company a “hold” rating in a research report on Tuesday, July 31st. SunTrust Banks lowered their price objective on Barnes Group from $63.00 to $61.00 and set a “hold” rating for the company in a research report on Monday, October 29th. ValuEngine downgraded Barnes Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. Oppenheimer boosted their price objective on Barnes Group from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, September 25th. Finally, UBS Group started coverage on Barnes Group in a research report on Wednesday, August 15th. They issued a “buy” rating and a $80.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $72.00.

B traded up $0.74 during midday trading on Wednesday, hitting $58.00. The stock had a trading volume of 281,787 shares, compared to its average volume of 227,233. The firm has a market cap of $2.93 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.52 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.27 and a quick ratio of 1.50. Barnes Group has a 1 year low of $52.42 and a 1 year high of $72.70.

Barnes Group (NYSE:B) last issued its earnings results on Friday, October 26th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). The firm had revenue of $369.80 million during the quarter, compared to analysts’ expectations of $379.27 million. Barnes Group had a return on equity of 13.39% and a net margin of 4.60%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. On average, equities analysts anticipate that Barnes Group will post 3.23 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. First Hawaiian Bank bought a new position in shares of Barnes Group during the third quarter valued at approximately $167,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Barnes Group in the third quarter worth $216,000. Tower Research Capital LLC TRC purchased a new stake in Barnes Group in the second quarter worth $184,000. Visionary Asset Management Inc. purchased a new stake in Barnes Group in the third quarter worth $227,000. Finally, Claraphi Advisory Network LLC purchased a new stake in Barnes Group in the third quarter worth $247,000. Institutional investors own 85.73% of the company’s stock.

Barnes Group Company Profile

Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy.

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Analyst Recommendations for Barnes Group (NYSE:B)

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