Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $41.63 on Barnes Group, Inc. (NYSE:B) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.51 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Barnes Group, Inc. (NYSE:B) stands at 18.88.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Barnes Group, Inc. Common Stock, the PEG ratio for coming 3-5 years is 3.24.
The technical analysis highlights that Barnes Group, Inc. Common Stock current is trading $2.71 points away or +7.02% from its 50-day moving average of $38.61. Further it is trading $6.17 or +17.54% away its 200-day moving average of $35.15.
The 52-week high of Barnes Group, Inc. (NYSE:B) was $41.86 while lowest point recorded in 52-week was $30.07. It implies if stock price makes a movement of over $-0.54, it will record a new 52-week high. In the case of +37.41% drop, it will touch a new 52-week low.
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