Badger Meter (NYSE:BMI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Badger Meter (NYSE:BMI) had its price objective upped by research analysts at Stifel Nicolaus from $208.00 to $209.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the scientific and technical instruments company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 3.69% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Maxim Group raised their target price on shares of Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Robert W. Baird lifted their target price on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Badger Meter has an average rating of “Hold” and a consensus target price of $218.75.

Badger Meter Stock Up 0.6 %

BMI stock opened at $217.01 on Monday. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 51.30, a P/E/G ratio of 2.36 and a beta of 0.78. Badger Meter has a twelve month low of $139.50 and a twelve month high of $239.11. The business has a 50 day moving average price of $217.31 and a two-hundred day moving average price of $211.62.

Badger Meter (NYSE:BMI) last released its earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. On average, equities research analysts anticipate that Badger Meter will post 4.76 EPS for the current fiscal year.

Institutional Trading of Badger Meter

Several hedge funds have recently added to or reduced their stakes in BMI. AQR Capital Management LLC lifted its holdings in shares of Badger Meter by 115.6% during the second quarter. AQR Capital Management LLC now owns 20,349 shares of the scientific and technical instruments company’s stock worth $3,792,000 after buying an additional 10,911 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Badger Meter by 3.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,249 shares of the scientific and technical instruments company’s stock worth $3,214,000 after purchasing an additional 588 shares in the last quarter. Creative Planning boosted its holdings in Badger Meter by 11.7% in the 2nd quarter. Creative Planning now owns 11,039 shares of the scientific and technical instruments company’s stock valued at $2,057,000 after purchasing an additional 1,159 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Badger Meter during the second quarter worth approximately $314,000. Finally, Handelsbanken Fonder AB raised its position in shares of Badger Meter by 20.6% in the third quarter. Handelsbanken Fonder AB now owns 8,909 shares of the scientific and technical instruments company’s stock valued at $1,946,000 after buying an additional 1,520 shares in the last quarter. 89.01% of the stock is 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.