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

Badger Meter (NYSE:BMI - Get Free Report) has been given a $233.00 price objective by analysts at Stifel Nicolaus in a research report issued on Monday, MarketBeat reports. The brokerage currently has a "hold" rating on the scientific and technical instruments company's stock. Stifel Nicolaus' price target would indicate a potential upside of 22.64% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Raymond James Financial started coverage on Badger Meter in a research note on Tuesday, June 3rd. They issued a "market perform" rating on the stock. 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. Argus set a $240.00 price objective on Badger Meter in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada upped 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $240.20.

Badger Meter Stock Down 1.1%

Shares of NYSE BMI opened at $189.99 on Monday. Badger Meter has a twelve month low of $162.17 and a twelve month high of $256.08. The stock's 50 day moving average price is $241.46 and its 200-day moving average price is $219.45. The company has a market capitalization of $5.60 billion, a PE ratio of 41.39, a PEG ratio of 2.73 and a beta of 0.83.

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

Institutional Investors Weigh In On Badger Meter

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Inspire Investing LLC raised its holdings in Badger Meter by 172.5% during the 2nd quarter. Inspire Investing LLC now owns 5,938 shares of the scientific and technical instruments company's stock valued at $1,455,000 after acquiring an additional 3,759 shares during the period. Aberdeen Group plc bought a new stake in Badger Meter during the 2nd quarter valued at $27,884,000. Strong Tower Advisory Services bought a new stake in Badger Meter during the 2nd quarter valued at $249,000. Monument Capital Management raised its holdings in Badger Meter by 0.4% during the 2nd quarter. Monument Capital Management now owns 15,588 shares of the scientific and technical instruments company's stock valued at $3,818,000 after acquiring an additional 60 shares during the period. Finally, Callan Family Office LLC bought a new stake in Badger Meter during the 2nd quarter valued at $260,000. 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.