SunTrust Robinson Reiterates a Hold Rating on Barnes Group Inc (B)

By Jason Carr

In a report released today, Michael Ciarmoli from SunTrust Robinson reiterated a Hold rating on Barnes Group Inc (BResearch Report), with a price target of $57. The company’s shares opened today at $60.69.

According to TipRanks.com, Ciarmoli is a 5-star analyst with an average return of 15.4% and a 70.2% success rate. Ciarmoli covers the Consumer Goods sector, focusing on stocks such as Aerojet Rocketdyne Holdings, Mercury Systems Inc, and Transdigm Group Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Barnes Group Inc with a $64 average price target, representing a 5.5% upside. In a report issued on February 15, UBS also downgraded the stock to Hold with a $65 price target.

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The company has a one-year high of $72.70 and a one-year low of $49.06. Currently, Barnes Group Inc has an average volume of 199K.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative 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.