Badger Meter, Inc. (NYSE:BMI) Receives $218.75 Consensus PT from Analysts

Badger Meter, Inc. (NYSE:BMI) has been assigned an average rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $218.75.

BMI has been the topic of a number of research analyst reports. Maxim Group raised their price objective on shares of Badger Meter from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus lifted their price target on shares of Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Finally, Robert W. Baird boosted their price target on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research report on Friday, October 18th.

Badger Meter Price Performance

NYSE:BMI opened at $215.23 on Friday. Badger Meter has a 12 month low of $147.96 and a 12 month high of $239.11. The firm has a market capitalization of $6.33 billion, a PE ratio of 50.88, a price-to-earnings-growth ratio of 3.85 and a beta of 0.78. The business’s fifty day moving average price is $217.33 and its 200 day moving average price is $211.93.

Badger Meter (NYSE:BMI) last released its quarterly earnings data on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. Badger Meter had a return on equity of 21.77% and a net margin of 15.12%. As a group, equities analysts anticipate that Badger Meter will post 4.65 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Badger Meter in the 4th quarter valued at $20,586,000. Congress Asset Management Co. boosted its holdings in shares of Badger Meter by 23.1% in the fourth quarter. Congress Asset Management Co. now owns 363,164 shares of the scientific and technical instruments company’s stock valued at $77,034,000 after acquiring an additional 68,137 shares in the last quarter. Perpetual Ltd acquired a new position in shares of Badger Meter during the fourth quarter worth about $10,462,000. Barclays PLC raised its holdings in Badger Meter by 348.5% during the third quarter. Barclays PLC now owns 55,090 shares of the scientific and technical instruments company’s stock worth $12,034,000 after purchasing an additional 42,806 shares in the last quarter. Finally, Robeco Schweiz AG purchased a new position in Badger Meter during the fourth quarter worth about $7,494,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Badger Meter Company Profile

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.