Badger Meter (NYSE:BMI) Given a $233.00 Price Target by Stifel Nicolaus Analysts

Badger Meter (NYSE:BMI - Get Free Report) has been assigned a $233.00 price target by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm presently has a "hold" rating on the scientific and technical instruments company's stock. Stifel Nicolaus' price target would indicate a potential upside of 13.46% from the stock's current price.

A number of other research analysts also recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Badger Meter from $238.00 to $252.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Robert W. Baird dropped their price objective on Badger Meter from $218.00 to $216.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Raymond James Financial began coverage on Badger Meter in a research note on Tuesday, June 3rd. They issued a "market perform" rating on the stock. Finally, Argus set a $240.00 price objective on Badger Meter in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $237.20.

Badger Meter Stock Performance

Shares of BMI opened at $205.36 on Monday. Badger Meter has a 52-week low of $162.17 and a 52-week high of $256.08. The business's fifty day moving average is $244.39 and its 200-day moving average is $219.90. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 45.23, a PEG ratio of 3.50 and a beta of 0.83.

Badger Meter (NYSE:BMI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). Badger Meter had a net margin of 15.74% and a return on equity of 22.35%. The firm had revenue of $238.10 million for the quarter, compared to analyst estimates of $235.38 million. During the same period last year, the business earned $1.12 EPS. The company's revenue was up 9.9% compared to the same quarter last year. As a group, research analysts forecast that Badger Meter will post 4.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Badger Meter

Several institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Badger Meter in the fourth quarter worth $25,000. Bessemer Group Inc. raised its position in shares of 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 worth $31,000 after buying an additional 91 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Badger Meter in the fourth quarter worth $39,000. Golden State Wealth Management LLC increased its stake 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 acquiring an additional 92 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake 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 acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 89.01% of the company's stock.

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.