Barnes Group Inc. (B)

Barnes Group Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Barnes Group stock have an average target of 47.67, with a low estimate of 47.5 and a high estimate of 48. The average target predicts an increase of 1.99% from the current stock price of 46.74.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$47.5	$47.67	$47.5	$48
Change	+1.63%	+1.99%	+1.63%	+2.70%

* Price targets were last updated on Oct 8, 2024.

Analyst Ratings

The average analyst rating for Barnes Group stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	1	1	1	0	0
Buy	1	1	1	1	1	1
Hold	1	1	1	1	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Ciarmoli Truist Securities	Truist Securities	Hold Maintains $38 → $48	Hold	Maintains	$38 → $48	+1.63%	Oct 8, 2024
Matt Summerville DA Davidson	DA Davidson	Strong Buy → Hold Downgrades $52 → $48	Strong Buy → Hold	Downgrades	$52 → $48	+1.63%	Oct 7, 2024
Michael Ciarmoli Truist Securities	Truist Securities	Hold Maintains $34 → $38	Hold	Maintains	$34 → $38	-18.70%	Jul 29, 2024
Matt Summerville DA Davidson	DA Davidson	Strong Buy Maintains $48 → $52	Strong Buy	Maintains	$48 → $52	+11.25%	Jul 29, 2024
Christopher Glynn Oppenheimer	Oppenheimer	Buy Maintains $43 → $48	Buy	Maintains	$43 → $48	+2.70%	Jun 14, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.63B

Increased by 12.62%

from 1.45B

Revenue Next Year

1.69B

Increased by 3.55%

from 1.63B

EPS This Year

1.32

Increased by 324.45%

from 0.31

EPS Next Year

2.11

Increased by 60.16%

from 1.32

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.49B	1.12B	1.26B	1.26B	1.45B	1.63B	1.69B	1.75B
Revenue Growth	-0.32%	-24.59%	11.96%	0.24%	14.98%	12.62%	3.55%	3.66%
EPS	3.07	1.24	1.96	0.26	0.31	1.32	2.11	2.55
EPS Growth	-2.54%	-59.61%	58.06%	-86.73%	19.23%	324.45%	60.16%	21.01%
Forward PE	-	-	-	-	-	35.52	22.18	18.33
No. Analysts	-	-	-	-	-	7	7	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	1.7B	1.7B	1.8B
Avg	1.6B	1.7B	1.8B
Low	1.6B	1.6B	1.7B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	16.3%	6.7%	6.7%
Avg	12.6%	3.5%	3.7%
Low	7.9%	-0.6%	-0.4%

EPS Forecast

EPS	2024	2025	2026	2027
High	1.37	2.21	2.63
Avg	1.32	2.11	2.55
Low	1.25	1.99	2.45

EPS Growth

EPS Growth	2024	2025	2026	2027
High	340.3%	67.6%	24.6%
Avg	324.5%	60.2%	21.0%
Low	304.6%	51.3%	16.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.