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

Badger Meter (NYSE:BMI - Get Free Report) had its price objective increased by Maxim Group from $235.00 to $245.00 in a report released on Monday,Benzinga reports. The firm currently has a "buy" rating on the scientific and technical instruments company's stock. Maxim Group's price objective points to a potential upside of 13.62% from the company's previous close.

A number of other analysts have also commented on the company. Robert W. Baird lifted their price target on Badger Meter from $184.00 to $203.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Stifel Nicolaus lifted their target price on Badger Meter from $208.00 to $209.00 and gave the stock a "hold" rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $218.75.

Badger Meter Price Performance

Shares of BMI stock traded down $5.88 on Monday, hitting $215.63. The stock had a trading volume of 209,516 shares, compared to its average volume of 222,576. The business has a 50 day moving average of $217.41 and a 200 day moving average of $211.69. Badger Meter has a 12-month low of $139.82 and a 12-month high of $239.11. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 50.98, a price-to-earnings-growth ratio of 2.36 and a beta of 0.78.

Badger Meter (NYSE:BMI - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The scientific and technical instruments company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. As a group, research analysts expect that Badger Meter will post 4.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BMI. R Squared Ltd bought a new stake in Badger Meter in the 4th quarter valued at about $28,000. Principal Securities Inc. increased its stake in shares of Badger Meter by 2,457.1% in the fourth 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 in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Badger Meter in the fourth quarter valued at approximately $39,000. ORG Partners LLC bought a new stake in shares of Badger Meter in the fourth quarter valued at approximately $42,000. Finally, Blue Trust Inc. boosted its holdings in Badger Meter by 1,016.7% in the 3rd quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company's stock worth $44,000 after buying an additional 183 shares during the period. 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.