Oppenheimer analyst Christopher Glynn maintained a Buy rating on Barnes Group (NYSE:B) Inc on Monday, setting a price target of $45, which is approximately 18.20% above the present share price of $38.07.
Glynn expects Barnes Group Inc to post earnings per share (EPS) of $0.01 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Barnes Group, with an average price target of $37.5.
The analysts price targets range from a high of $45 to a low of $30.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $235.54 million and a net profit of $10.12 million. The company's market cap is $1.92 billion.
According to TipRanks.com, Oppenheimer analyst Christopher Glynn is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.8% and a 60.45% success rate.
Barnes Group, Inc. engages in the provision of engineered products, industrial technologies, and solutions, serving a wide range of end markets and customers. It operates through the Industrial and Aerospace segments. The Industrial segment includes molding solutions; force and motion control; and automation and engineered components business units. The Aerospace segment consists of original equipment manufacturing (OEM) business, maintenance repair and overhaul (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts. The company was founded by Wallace Barnes in 1857 and is headquartered in Bristol, CT.