DA Davidson Initiates Neutral Rating for Barnes Group (NYSE:B) With a $63 Price Target

May 18, 2018 - By Ned Sandoval

Barnes Group Inc. (NYSE:B) Logo

Investors sentiment increased to 1.31 in 2017 Q4. Its up 0.06, from 1.25 in 2017Q3. It increased, as 23 investors sold Barnes Group Inc. shares while 64 reduced holdings. 35 funds opened positions while 79 raised stakes. 45.52 million shares or 0.42% less from 45.71 million shares in 2017Q3 were reported.

Paloma Partners Mgmt invested in 5,934 shares or 0.01% of the stock. Arrowstreet Partnership stated it has 83,281 shares or 0.01% of all its holdings. Ironwood Mgmt Limited Liability Corp has 1.39% invested in Barnes Group Inc. (NYSE:B). Los Angeles Mgmt & Equity Rech owns 5,210 shares or 0% of their US portfolio. State Of Tennessee Treasury Department accumulated 38,701 shares. 17,619 are held by Teacher Retirement Of Texas. Laurion Capital L P reported 34,368 shares or 0.01% of all its holdings. Rmb Mngmt Limited Liability accumulated 49,202 shares or 0.08% of the stock. Bnp Paribas Arbitrage Sa stated it has 24,428 shares or 0% of all its holdings. Wasatch Advsr has invested 1.73% of its portfolio in Barnes Group Inc. (NYSE:B). Legal & General Grp Inc Public Ltd Co stated it has 0% of its portfolio in Barnes Group Inc. (NYSE:B). Bluecrest owns 4,500 shares for 0.01% of their portfolio. Manufacturers Life Com The stated it has 0% in Barnes Group Inc. (NYSE:B). Susquehanna Interest Limited Liability Partnership reported 32,736 shares. Bessemer invested 0% of its portfolio in Barnes Group Inc. (NYSE:B).

Since February 21, 2018, it had 4 insider purchases, and 5 sales for $834,587 activity. 500 shares were bought by Hipple Richard J, worth $26,775. MANGUM MYLLE H bought $1,809 worth of stock. Another trade for 7,860 shares valued at $496,161 was sold by ACKER MARIAN. BENANAV GARY G had bought 29 shares worth $1,809 on Friday, March 9.

Why Has DA Davidson Given Barnes Group (NYSE:B) a $63 Price Target

The firm DA Davidson has today has begun coverage on Barnes Group (NYSE:B) shares, with a Neutral rating, while giving it the target at $63.

Barnes Group Inc. (NYSE:B) Ratings Coverage

Among 2 analysts covering Barnes Group Inc (NYSE:B), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Barnes Group Inc has $67.0 highest and $64.0 lowest target. $65.50’s average target is 7.82% above currents $60.75 stock price. Barnes Group Inc had 2 analyst reports since January 8, 2018 according to SRatingsIntel. The firm has “Hold” rating by SunTrust given on Monday, January 8. The stock has “Hold” rating by Robert W. Baird on Friday, February 16.

The stock increased 0.81% or $0.49 during the last trading session, reaching $60.75. About 318,630 shares traded or 34.31% up from the average. Barnes Group Inc. (NYSE:B) has risen 19.73% since May 18, 2017 and is uptrending. It has outperformed by 8.18% the S&P500.

Analysts await Barnes Group Inc. (NYSE:B) to report earnings on July, 27. They expect $0.75 EPS, down 7.41 % or $0.06 from last year’s $0.81 per share. B’s profit will be $39.44M for 20.25 P/E if the $0.75 EPS becomes a reality. After $0.72 actual EPS reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts 4.17 % EPS growth.

Barnes Group Inc. operates as an industrial and aerospace maker and service provider, serving a range of end markets and customers. The company has market cap of $3.20 billion. The firm operates in two divisions, Industrial and Aerospace. It has a 54.98 P/E ratio. The Industrial segment offers precision parts, products, and systems for applications serving various clients in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy.

More news for Barnes Group Inc. (NYSE:B) were recently published by: Seekingalpha.com, which released: “Barnes’ (B) CEO Patrick Dempsey on Q2 2016 Results – Earnings Call Transcript” on April 27, 2018. Streetinsider.com‘s article titled: “UPDATE: DA Davidson Starts Barnes Group (B) at Neutral” and published on May 18, 2018 is yet another important article.

Barnes Group Inc. (NYSE:B) Institutional Positions Chart

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