Badger Meter (NYSE:BMI) Cut to Hold (C+) at Weiss Ratings

Key Points

• Badger Meter has been downgraded by Weiss Ratings from a "buy (b-)" to a "hold (c+)" rating, indicating a shift in investment sentiment.
• The stock currently has an average rating of "Hold" and a consensus price target of $237.00, based on analyses from several research firms.
• In its latest quarterly earnings report, Badger Meter missed consensus EPS estimates by $0.02, while experiencing a year-over-year revenue increase of 9.9%.

Badger Meter (NYSE:BMI - Get Free Report) was downgraded by stock analysts at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a report issued on Wednesday,Weiss Ratings reports.

BMI has been the topic of a number of other research reports. Stifel Nicolaus set a $224.00 price objective on Badger Meter in a research report on Wednesday, July 23rd. Zacks Research raised Badger Meter from a "strong sell" rating to a "hold" rating in a research note on Monday, September 22nd. JPMorgan Chase & Co. started coverage on Badger Meter in a research note on Tuesday, September 9th. They issued an "overweight" rating and a $230.00 price objective on the stock. Royal Bank Of Canada dropped their price target on Badger Meter from $284.00 to $264.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Finally, Robert W. Baird upped their price target on Badger Meter from $216.00 to $219.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $237.00.

Badger Meter Trading Up 0.2%

NYSE BMI traded up $0.34 during midday trading on Wednesday, hitting $179.20. The company had a trading volume of 197,652 shares, compared to its average volume of 291,860. The company has a market capitalization of $5.28 billion, a PE ratio of 39.04, a P/E/G ratio of 3.20 and a beta of 0.90. The firm has a 50-day moving average price of $182.69 and a 200-day moving average price of $209.44. Badger Meter has a twelve month low of $162.17 and a twelve month high of $256.08.

Badger Meter (NYSE:BMI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.02). Badger Meter had a net margin of 15.53% and a return on equity of 21.57%. The business had revenue of $238.10 million during the quarter, compared to the consensus estimate of $235.38 million. During the same quarter in the previous year, the business posted $1.12 EPS. The company's revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Badger Meter will post 4.65 EPS for the current year.

Institutional Trading of Badger Meter

Institutional investors and hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 92 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of 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 worth $37,000 after acquiring an additional 88 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Badger Meter in the first quarter worth $37,000. Olde Wealth Management LLC bought a new position in shares of Badger Meter in the first quarter worth $41,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Badger Meter by 170.5% in the second quarter. Cullen Frost Bankers Inc. now owns 165 shares of the scientific and technical instruments company's stock worth $41,000 after buying an additional 104 shares in the last quarter. 89.01% of the stock is owned by hedge funds and other institutional investors.

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.

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