Badger Meter (NYSE:BMI) Given New $200.00 Price Target at Jefferies Financial Group

Badger Meter (NYSE:BMIGet Free Report) had its target price dropped by equities research analysts at Jefferies Financial Group from $220.00 to $200.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the scientific and technical instruments company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 38.57% from the company’s previous close.

A number of other brokerages have also issued reports on BMI. Stifel Nicolaus set a $166.00 target price on shares of Badger Meter and gave the company a “buy” rating in a research report on Thursday. Robert W. Baird set a $165.00 price target on shares of Badger Meter in a research note on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Badger Meter in a research note on Wednesday, January 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $191.00 target price (down from $229.00) on shares of Badger Meter in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on Badger Meter from $232.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $188.89.

View Our Latest Report on BMI

Badger Meter Stock Performance

Shares of BMI traded down $1.99 during mid-day trading on Thursday, reaching $144.33. 841,003 shares of the company’s stock traded hands, compared to its average volume of 397,459. The business’s 50-day moving average price is $175.85 and its 200-day moving average price is $182.87. The stock has a market capitalization of $4.25 billion, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 2.49 and a beta of 0.91. Badger Meter has a 12 month low of $139.14 and a 12 month high of $256.08.

Badger Meter (NYSE:BMIGet Free Report) last posted its earnings results on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.01). Badger Meter had a net margin of 15.40% and a return on equity of 21.12%. The business had revenue of $220.71 million during the quarter, compared to analyst estimates of $232.30 million. During the same quarter in the prior year, the business earned $1.04 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Badger Meter will post 4.65 EPS for the current year.

Hedge Funds Weigh In On Badger Meter

A number of hedge funds and other institutional investors have recently modified their holdings of BMI. Vanguard Group Inc. increased its position in Badger Meter by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,979,893 shares of the scientific and technical instruments company’s stock worth $694,133,000 after purchasing an additional 19,585 shares during the last quarter. State Street Corp raised its position in Badger Meter by 1.4% during the second quarter. State Street Corp now owns 1,462,807 shares of the scientific and technical instruments company’s stock valued at $358,315,000 after acquiring an additional 20,122 shares in the last quarter. Invesco Ltd. lifted its stake in Badger Meter by 20.9% in the third quarter. Invesco Ltd. now owns 970,219 shares of the scientific and technical instruments company’s stock valued at $173,262,000 after acquiring an additional 168,053 shares during the last quarter. Geode Capital Management LLC grew its position in Badger Meter by 2.3% in the second quarter. Geode Capital Management LLC now owns 876,519 shares of the scientific and technical instruments company’s stock worth $215,464,000 after acquiring an additional 19,340 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of Badger Meter by 39.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 754,402 shares of the scientific and technical instruments company’s stock worth $131,592,000 after purchasing an additional 212,448 shares during the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Trending Headlines about Badger Meter

Here are the key news stories impacting Badger Meter this week:

About Badger Meter

(Get Free Report)

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.

Recommended Stories

Analyst Recommendations for Badger Meter (NYSE:BMI)

Receive News & Ratings for Badger Meter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Meter and related companies with MarketBeat.com's FREE daily email newsletter.