Oppenheimer Maintains Their Buy Rating on Barnes Group Inc


Oppenheimer analyst Christopher Glynn maintained a Buy rating on Barnes Group Inc (NYSE: B) today. The company’s shares opened today at $58.20.

According to TipRanks.com, Glynn is a 5-star analyst with an average return of 9.6% and a 63.4% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.

Barnes Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $70.

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Based on Barnes Group Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $38.82 million. In comparison, last year the company had a net profit of $38.3 million.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is neutral on the stock.

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Barnes Group, Inc. engages in the manufacture and services of engineered products. It operates through the Industrial and Aerospace segments. The Industrial segment includes molding solutions, nitrogen gas products, and engineered components business units.

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