Truist Financial Boosts Price Objective for Barnes Group to $40.00
July 26, 2023
☀️Trending News
Truist Financial has recently raised the price objective for Barnes Group ($NYSE:B) from $38.00 to $40.00. This increase in the stock’s price target comes as positive news for investors. Barnes Group is an industrial and aerospace manufacturing and service provider based in Connecticut. It specializes in precision components, assembly automation and integrated industrial solutions.
The company is also a leader in the development of advanced technologies, products and services for the aviation, automotive, medical, oil and gas and other industries. Barnes Group has recently shown strong financial performance and is committed to providing value to its customers through innovative solutions. Its stock performance over the past few months has been promising and investors are optimistic about the company’s future prospects.
Market Price
Following this news, BARNES GROUP stock opened at $41.9 and closed at $42.6, representing a 1.4% increase from its previous closing price of 42.0. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Barnes Group. More…
| Total Revenues | Net Income | Net Margin |
| 1.28k | 6.15 | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Barnes Group. More…
| Operations | Investing | Financing |
| 117.09 | -38.83 | -75.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Barnes Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.44k | 1.06k | 27.28 |
Key Ratios Snapshot
Some of the financial key ratios for Barnes Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.8% | -20.6% | 3.5% |
| FCF Margin | ROE | ROA |
| 6.1% | 2.1% | 1.2% |
Analysis
At GoodWhale, we have just completed an analysis of BARNES GROUP‘s wellbeing. Based on our Risk Rating, BARNES GROUP is a medium risk investment in terms of its financial and business aspects. We have detected one risk warning in the income sheet that could affect their ability to remain profitable. To view this warning and further financial analysis, become a registered user of GoodWhale. More…
Peers
Since its inception in 1857, Barnes Group Inc has been engaged in a cutthroat competition with Cummins Inc, Schumag AG, and Harmonic Drive Systems Inc. All four companies have been vying for the top spot in the market share.
However, Barnes Group Inc has been able to hold its own against its competitors and has even managed to increase its market share in recent years.
– Cummins Inc ($NYSE:CMI)
Cummins Inc is a global power leader that designs, manufactures, sells, and services diesel and alternative fuel engines from 2.8 to 95 liters, diesel and alternative-fueled electrical generator sets, and related components and technology. Headquartered in Columbus, Indiana, (USA) Cummins currently employs approximately 55,600 people committed to powering a more prosperous world through three principal business segments: Engine, Electrical, and Components.
– Schumag AG ($LTS:0NIY)
Schumag AG is a publicly traded company with a market capitalization of 8.72 million as of 2022. The company has a return on equity of 1981.48%. Schumag AG is a leading provider of engineering and manufacturing solutions. The company provides a broad range of services, including design, development, and manufacturing of products and systems for the automotive, aerospace, and other industries. Schumag AG has a long history of innovation and is a trusted partner for many of the world’s leading companies.
– Harmonic Drive Systems Inc ($TSE:6324)
Harmonic Drive Systems Inc, headquartered in Tokyo, Japan, is a manufacturer of motion control products. The company’s products are used in a variety of industries, including aerospace, automotive, medical, and semiconductor. Harmonic Drive Systems Inc has a market cap of 458.21B as of 2022 and a Return on Equity of 5.85%. The company’s products are used in a variety of industries, including aerospace, automotive, medical, and semiconductor.
Summary
Barnes Group is currently a favorable investment option according to recent analysis from Truist Financial. The financial institution has increased its price target from $38 to $40, suggesting potential upside for shareholders. Barnes Group is well positioned for long-term growth due to its focus on high-performance components, advanced technologies, and value-added services.
Barnes Group has also managed to consistently generate positive sales and earnings growth over the years, suggesting further upside potential. Overall, Barnes Group appears to be a reliable stock to consider for investing.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
