Badger Meter (NYSE:BMI) Downgraded to C+ at TheStreet

Badger Meter (NYSE:BMIGet Rating) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

Several other research firms have also commented on BMI. Zacks Investment Research raised Badger Meter from a “sell” rating to a “hold” rating and set a $92.00 target price for the company in a report on Thursday, April 21st. Stifel Nicolaus lowered their price objective on Badger Meter from $93.00 to $88.00 in a research note on Wednesday, April 20th. Maxim Group upgraded Badger Meter from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Monday, January 31st. Finally, StockNews.com downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Saturday, April 23rd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $101.67.

Badger Meter stock opened at $79.57 on Thursday. Badger Meter has a 12 month low of $78.40 and a 12 month high of $112.36. The company has a fifty day moving average price of $93.34 and a two-hundred day moving average price of $99.27. The company has a market cap of $2.33 billion, a PE ratio of 37.89 and a beta of 0.86.

Badger Meter (NYSE:BMIGet Rating) last posted its quarterly earnings results on Tuesday, April 19th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Badger Meter had a return on equity of 15.49% and a net margin of 11.82%. The business had revenue of $132.40 million during the quarter, compared to the consensus estimate of $132.54 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, research analysts predict that Badger Meter will post 2.15 EPS for the current year.

Several large investors have recently added to or reduced their stakes in BMI. Allianz Asset Management GmbH raised its stake in shares of Badger Meter by 8.3% during the third quarter. Allianz Asset Management GmbH now owns 628,787 shares of the scientific and technical instruments company’s stock valued at $63,595,000 after purchasing an additional 47,952 shares in the last quarter. Exane Derivatives lifted its stake in shares of Badger Meter by 7.2% in the 4th quarter. Exane Derivatives now owns 2,479 shares of the scientific and technical instruments company’s stock worth $264,000 after acquiring an additional 167 shares during the period. Martingale Asset Management L P lifted its stake in shares of Badger Meter by 172.6% in the 3rd quarter. Martingale Asset Management L P now owns 6,002 shares of the scientific and technical instruments company’s stock worth $608,000 after acquiring an additional 3,800 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Badger Meter by 1.8% in the third quarter. Rockefeller Capital Management L.P. now owns 388,625 shares of the scientific and technical instruments company’s stock valued at $39,304,000 after acquiring an additional 6,963 shares in the last quarter. Finally, Aviva PLC acquired a new position in shares of Badger Meter during the third quarter valued at approximately $1,649,000. 93.75% of the stock is owned by institutional investors.

Badger Meter Company Profile (Get Rating)

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities.

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