D.A. Davidson analyst Matt Summerville maintained a Hold rating on Barnes Group (B – Research Report) today and set a price target of $25.00. The company’s shares closed last Friday at $20.14.
Summerville covers the Industrials sector, focusing on stocks such as Barnes Group, Graco, and Hillenbrand. According to TipRanks, Summerville has an average return of 1.3% and a 36.88% success rate on recommended stocks.
In addition to D.A. Davidson, Barnes Group also received a Hold from Truist Financial’s Michael Ciarmoli in a report issued on October 20. However, today, Oppenheimer maintained a Buy rating on Barnes Group (NYSE: B).
See the top stocks recommended by analysts >>
B market cap is currently $1.02B and has a P/E ratio of 42.42.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Barnes Group (B) Company Description:
Barnes Group, Inc. engages in the provision of engineered products, industrial technologies, and solutions, serving a wide range of end markets and customers. It operates through the Industrial and Aerospace segments. The Industrial segment includes molding solutions; force and motion control; and automation and engineered components business units. The Aerospace segment consists of original equipment manufacturing (OEM) business, maintenance repair and overhaul (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts. The company was founded by Wallace Barnes in 1857 and is headquartered in Bristol, CT.
Read More on B:
