Badger Meter, Inc. (NYSE:BMI) Receives $238.40 Consensus Target Price from Analysts

Shares of Badger Meter, Inc. (NYSE:BMI) have been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $238.40.

Several equities analysts recently commented on BMI shares. Robert W. Baird increased their target price on Badger Meter from $216.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada dropped their price objective on Badger Meter from $284.00 to $264.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Stifel Nicolaus set a $224.00 price objective on Badger Meter in a report on Wednesday, July 23rd. Argus set a $240.00 price objective on Badger Meter in a report on Thursday, April 24th. Finally, Raymond James Financial started coverage on Badger Meter in a report on Tuesday, June 3rd. They set a “market perform” rating on the stock.

Badger Meter Trading Up 2.5%

Badger Meter stock opened at $185.90 on Friday. Badger Meter has a twelve month low of $162.17 and a twelve month high of $256.08. The stock’s fifty day simple moving average is $233.69 and its 200-day simple moving average is $218.42. The firm has a market capitalization of $5.48 billion, a P/E ratio of 40.50, a P/E/G ratio of 3.19 and a beta of 0.84.

Badger Meter (NYSE:BMI) last posted its earnings results on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.02). The business had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $235.38 million. Badger Meter had a net margin of 15.53% and a return on equity of 21.57%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $1.12 EPS. Sell-side analysts predict that Badger Meter will post 4.65 earnings per share for the current year.

Institutional Investors Weigh In On Badger Meter

Hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new stake in Badger Meter in the fourth quarter valued at about $25,000. Bessemer Group Inc. lifted its position in Badger Meter by 162.5% in the fourth quarter. Bessemer Group Inc. now owns 147 shares of the scientific and technical instruments company’s stock valued at $31,000 after purchasing an additional 91 shares during the period. Golden State Wealth Management LLC lifted its position in Badger Meter by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 184 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 92 shares during the period. SBI Securities Co. Ltd. lifted its position in Badger Meter by 83.0% in the first quarter. SBI Securities Co. Ltd. now owns 194 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 88 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in Badger Meter in the first quarter valued at about $37,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

About Badger Meter

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.