Badger Meter (NYSE:BMI) Receives “Buy” Rating from Maxim Group

Share on StockTwits

Maxim Group reaffirmed their buy rating on shares of Badger Meter (NYSE:BMI) in a report released on Wednesday, AnalystRatings.com reports. They currently have a $64.00 price target on the scientific and technical instruments company’s stock.

A number of other research analysts have also recently commented on BMI. Stifel Nicolaus reduced their price objective on Badger Meter from $54.00 to $49.00 and set a hold rating on the stock in a research note on Friday, July 19th. Robert W. Baird set a $48.00 price objective on Badger Meter and gave the stock a hold rating in a research note on Friday, July 19th. Zacks Investment Research cut Badger Meter from a hold rating to a sell rating and set a $60.00 price objective on the stock. in a research note on Tuesday, July 16th. Finally, ValuEngine cut Badger Meter from a buy rating to a hold rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Badger Meter has an average rating of Hold and a consensus price target of $56.25.

Shares of BMI opened at $60.17 on Wednesday. The stock’s 50-day moving average is $53.23 and its two-hundred day moving average is $54.56. The stock has a market cap of $1.65 billion, a PE ratio of 35.34 and a beta of 0.80. Badger Meter has a 12 month low of $46.69 and a 12 month high of $61.57.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Thursday, October 17th. The scientific and technical instruments company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. The company had revenue of $108.60 million for the quarter, compared to analysts’ expectations of $110.39 million. Badger Meter had a return on equity of 14.85% and a net margin of 10.95%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. As a group, analysts predict that Badger Meter will post 1.55 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Badger Meter by 0.3% in the second quarter. BlackRock Inc. now owns 4,339,045 shares of the scientific and technical instruments company’s stock worth $258,998,000 after acquiring an additional 11,290 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Badger Meter by 1.1% in the second quarter. Vanguard Group Inc. now owns 3,304,526 shares of the scientific and technical instruments company’s stock worth $197,248,000 after acquiring an additional 36,228 shares in the last quarter. Impax Asset Management Group plc lifted its stake in shares of Badger Meter by 1.9% in the second quarter. Impax Asset Management Group plc now owns 1,341,918 shares of the scientific and technical instruments company’s stock worth $80,099,000 after acquiring an additional 24,465 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Badger Meter by 84.2% in the second quarter. Invesco Ltd. now owns 754,169 shares of the scientific and technical instruments company’s stock worth $45,016,000 after acquiring an additional 344,641 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Badger Meter by 2.5% in the second quarter. UBS Asset Management Americas Inc. now owns 604,679 shares of the scientific and technical instruments company’s stock worth $36,093,000 after acquiring an additional 14,857 shares in the last quarter. Institutional investors and hedge funds own 83.86% of the company’s stock.

Badger Meter Company Profile

Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.

Featured Article: What economic reports are most valuable to investors?

Analyst Recommendations for Badger Meter (NYSE:BMI)

Receive News & Ratings for Badger Meter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Meter and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Quasarcoin Reaches One Day Trading Volume of $1,848.00
Quasarcoin Reaches One Day Trading Volume of $1,848.00
Uniform Fiscal Object  Price Tops $0.0001 on Top Exchanges
Uniform Fiscal Object Price Tops $0.0001 on Top Exchanges
Eternity Tops One Day Trading Volume of $277.00
Eternity Tops One Day Trading Volume of $277.00
MUFG Americas Holdings Corp Sells 9,402 Shares of Walmart Inc
MUFG Americas Holdings Corp Sells 9,402 Shares of Walmart Inc
Valmark Advisers Inc. Raises Position in 3M Co
Valmark Advisers Inc. Raises Position in 3M Co
iShares Russell Mid-Cap Growth ETF  Shares Sold by Valmark Advisers Inc.
iShares Russell Mid-Cap Growth ETF Shares Sold by Valmark Advisers Inc.


 
© 2006-2019 Zolmax.