Maxim Group Issues Positive Forecast for Badger Meter (NYSE:BMI) Stock Price

Badger Meter (NYSE:BMI) had its price objective upped by Maxim Group from $235.00 to $245.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the scientific and technical instruments company’s stock. Maxim Group’s price target would indicate a potential upside of 13.49% from the company’s current price.

Several other analysts also recently commented on the company. Robert W. Baird raised their target price on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Stifel Nicolaus increased their target price on Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $218.75.

Badger Meter Stock Up 0.9 %

Shares of NYSE:BMI traded up $1.97 during trading on Monday, hitting $215.88. 107,992 shares of the company were exchanged, compared to its average volume of 210,123. The company has a market capitalization of $6.35 billion, a P/E ratio of 51.03, a price-to-earnings-growth ratio of 2.36 and a beta of 0.78. Badger Meter has a 1-year low of $139.50 and a 1-year high of $239.11. The business’s 50 day moving average is $217.38 and its 200-day moving average is $211.28.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BMI. R Squared Ltd purchased a new stake in Badger Meter during the 4th quarter valued at $28,000. Principal Securities Inc. raised its holdings in Badger Meter by 2,457.1% in the 4th quarter. Principal Securities Inc. now owns 179 shares of the scientific and technical instruments company’s stock worth $38,000 after purchasing an additional 172 shares during the period. Heck Capital Advisors LLC bought a new position in Badger Meter in the 4th quarter worth $39,000. ORG Partners LLC bought a new stake in Badger Meter during the fourth quarter valued at about $42,000. Finally, Blue Trust Inc. raised its holdings in Badger Meter by 1,016.7% during the third quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 183 shares during the period. 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.