Maxim Group Raises Badger Meter (NYSE:BMI) Price Target to $245.00

Badger Meter (NYSE:BMI) had its target price upped by equities researchers at Maxim Group from $235.00 to $245.00 in a research report issued 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 would indicate a potential upside of 13.49% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Robert W. Baird upped their target price on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Stifel Nicolaus upped their price objective on Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $218.75.

Badger Meter Trading Up 0.9 %

Shares of BMI traded up $1.97 during trading hours on Monday, reaching $215.88. 107,992 shares of the company traded hands, compared to its average volume of 210,123. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 2.36 and a beta of 0.78. Badger Meter has a 12-month low of $139.50 and a 12-month high of $239.11. The stock’s fifty day moving average price is $217.38 and its 200 day moving average price is $211.28.

Badger Meter (NYSE:BMI) last released its quarterly earnings data on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share for the quarter, beating 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%. On average, research analysts forecast that Badger Meter will post 4.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. R Squared Ltd acquired a new position in Badger Meter in the 4th quarter valued at $28,000. Principal Securities Inc. increased its stake in shares of 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 acquiring an additional 172 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Badger Meter in the 4th quarter worth $39,000. ORG Partners LLC acquired a new stake in shares of Badger Meter in the 4th quarter worth $42,000. Finally, Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 183 shares during the last quarter. 89.01% of the stock is owned by institutional investors and hedge funds.

About Badger Meter

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.