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Barnes Group Inc has a consensus price target of $46.25 based on the ratings of 5 analysts. The high is $48 issued by Oppenheimer on June 14, 2024. The low is $42 issued by Alembic Global on April 11, 2022. The 3 most-recent analyst ratings were released by Truist Securities, DA Davidson, and Truist Securities on October 8, 2024, October 7, 2024, and July 29, 2024, respectively. With an average price target of $44.33 between Truist Securities, DA Davidson, and Truist Securities, there's an implied -5.15% downside for Barnes Group Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Barnes Gr (NYSE:B) was reported by Truist Securities on October 8, 2024. The analyst firm set a price target for $47.50 expecting B to rise to within 12 months (a possible 1.63% upside). 9 analyst firms have reported ratings in the last year.
The latest analyst rating for Barnes Gr (NYSE:B) was provided by Truist Securities, and Barnes Gr maintained their hold rating.
The last upgrade for Barnes Group Inc happened on April 18, 2024 when DA Davidson raised their price target to $45. DA Davidson previously had a neutral for Barnes Group Inc.
The last downgrade for Barnes Group Inc happened on October 7, 2024 when DA Davidson changed their price target from $52 to $47.5 for Barnes Group Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Barnes Gr, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Barnes Gr was filed on October 8, 2024 so you should expect the next rating to be made available sometime around October 8, 2025.
While ratings are subjective and will change, the latest Barnes Gr (B) rating was a maintained with a price target of $38.00 to $47.50. The current price Barnes Gr (B) is trading at is $46.74, which is within the analyst’s predicted range.
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