SunTrust Robinson Remains a Hold on Barnes Group Inc

By Austin Angelo

SunTrust Robinson analyst Michael Ciarmoli reiterated a Hold rating on Barnes Group Inc (NYSE: B) today and set a price target of $63. The company’s shares opened today at $64.41.

According to TipRanks.com, Ciarmoli is a 5-star analyst with an average return of 17.2% and a 72.9% success rate. Ciarmoli covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, BWX Technologies, and Triumph Group.

Currently, the analyst consensus on Barnes Group Inc is a Moderate Buy with an average price target of $63.50.

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The company has a one-year high of $72.87 and a one-year low of $52.42. Currently, Barnes Group Inc has an average volume of 250.2K.

Based on the recent corporate insider activity of 64 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.