Analyst Ratings for Barnes Group Inc. (B)

Updated: 2017-07-27

Shares of Barnes Group Inc. (NYSE:B) have received a consensus rating of Overweight from Wall Street analysts. B had previously received a consensus rating of Overweight a month ago.

8 analysts issued ratings on the stock, where 4 gave B a buy rating, 0 issued an overweight rating, 4 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for B. The most optimistic price target was 66, implying a possible profit of 9.49 percent. The minimum price target given was 53, which equates to a potential downside of -12.08 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 1.47 percent on average, compared to last month. That number becomes 1.47 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.18 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.96 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

B has an estimated earnings growth rate of 6.38 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. B has a PEG ratio of 3.55.

In the last 52-weeks, B has achieved a high of 62.37 and a low of 36.27. The current market price is above the trailing year's low by 66.2 percent, and 3.35 percent lower than its 52-week high. B has a price/earnings ratio of 22.66. Investors typically compare the P/E ratio to a company's peers in the industry. The B value stock report compares B to some of its peers using value stock charts. The stock has a market capitalization of $3.19 billion. B's next earnings release will be on 0000-00-00, which is days away.