
B Stock Forecast & Price Target
B Analyst Ratings
Bulls say
Barnes Group Inc. has entered into a definitive agreement to be acquired by Apollo Global Management for $3.6 billion, translating to $47.50 per share, which represents a 22% premium to its closing price on June 25, 2024, and a 28% premium to the 90-day volume weighted average price preceding that date. This acquisition deal implies a valuation of approximately 10.4x the projected FY25 EBITDA and 11.5x the projected FY24 EBITDA, reflecting a strong financial metric indicative of shareholder value. The anticipated closure of the deal by the end of the first quarter of 2025 eliminates uncertainties regarding the company’s strategic initiatives, potentially enhancing investor confidence in Barnes Group’s outlook.
Bears say
The financial outlook for Barnes Group Inc. remains negative due to a series of substantial challenges and unfavorable market conditions. The company's downgrade to neutral is largely influenced by its reliance on Boeing and the potential impacts of production halts, alongside concerns over elevated balance sheet leverage following its acquisition of MB Aerospace. Additionally, ongoing difficulties stemming from COVID-19-related disruptions, multi-phase restructuring initiatives, and pressures from raw material costs are likely to weigh on sales and profitability in the near term.
This aggregate rating is based on analysts' research of Barrick Gold Corp and is not a guaranteed prediction by Public.com or investment advice.
B Analyst Forecast & Price Prediction
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