Stock To Watch: Barnes Group, Inc. (NYSE:B)


The leading market experts have placed a mean price target of $41.63 on Barnes Group, Inc. (NYSE:B) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.68 a share for the upcoming quarter and $2.51 for the current fiscal.

Technical View

The technical analysis of Barnes Group, Inc. Common Stock plainly substantiates that the 50-day moving average of Barnes Group, Inc. Common Stock is $35.59, and stock is trading $4.11 points away or +11.54% from its 50-day moving average of $35.59. Further it is trading $5.45 or +15.91% away its 200-day moving average of $34.25. Barnes Group, Inc. (NYSE:B) 52-week high is $41.78 and the 52-week low is $30.07.

This explains if the stock moves $-2.08, it will post a 52-week high. In event of +32.03% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Barnes Group, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Barnes Group, Inc. (NYSE:B) ratio came in at 18.14.

The stock last ended the trading session at $39.70 and registered a market cap of $2.14B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Barnes Group, Inc. (NYSE:B) PEG ratio is at 3.13.

1 Chart Pattern Every Investor Should Know

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