Somewhat Positive Press Coverage Somewhat Unlikely to Affect Barnes Group (B) Stock Price

News headlines about Barnes Group (NYSE:B) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Barnes Group earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 44.4203469862714 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

B has been the topic of a number of analyst reports. SunTrust Banks reaffirmed a “hold” rating and set a $60.00 target price on shares of Barnes Group in a report on Thursday, October 12th. Robert W. Baird reaffirmed a “hold” rating and set a $65.00 target price on shares of Barnes Group in a report on Sunday, October 29th. ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.00.

Shares of Barnes Group (B) traded up $0.63 during trading hours on Tuesday, hitting $66.07. 177,558 shares of the stock were exchanged, compared to its average volume of 212,601. The company has a market cap of $3,540.00, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35. Barnes Group has a 1 year low of $45.47 and a 1 year high of $72.87. The company has a quick ratio of 1.45, a current ratio of 2.20 and a debt-to-equity ratio of 0.37.

Barnes Group (NYSE:B) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.03). The company had revenue of $357.16 million during the quarter, compared to the consensus estimate of $351.01 million. Barnes Group had a return on equity of 12.44% and a net margin of 11.20%. Barnes Group’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. research analysts forecast that Barnes Group will post 2.85 earnings per share for the current fiscal year.

In related news, SVP Christopher J. Stephens sold 15,700 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $63.53, for a total transaction of $997,421.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas O. Barnes sold 1,500 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $66.36, for a total transaction of $99,540.00. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

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Barnes Group Company Profile

Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.

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