Breaking Down Barnes Gr: 4 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Barnes Group Inc (NYSE:B) has received mixed analyst ratings over the past three months, with a recent average price target of $46.25, reflecting a 7.56% increase from the previous target. Analysts have adjusted their ratings and price targets in response to market conditions, with some raising and others lowering their expectations. Despite positive revenue growth, Barnes Gr faces challenges with profitability, return on equity, and debt management.
October 08, 2024 | 3:00 pm
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NEUTRAL IMPACT
Barnes Group Inc has received mixed analyst ratings, with a recent average price target of $46.25, up 7.56% from the previous target. Analysts have adjusted their ratings, reflecting varied expectations. Despite positive revenue growth, the company faces challenges in profitability and debt management.
The mixed analyst ratings and adjustments in price targets indicate uncertainty in the market's perception of Barnes Group's future performance. The increase in the average price target suggests some optimism, but the company's financial challenges, such as low profitability and high debt, may offset this. The neutral score reflects the balance between positive revenue growth and financial hurdles.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100