JPMorgan Chase & Co. Issues Pessimistic Forecast for Badger Meter (NYSE:BMI) Stock Price

Badger Meter (NYSE:BMIGet Free Report) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $232.00 to $190.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 31.64% from the stock’s current price.

Several other brokerages also recently commented on BMI. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $167.00 price objective on shares of Badger Meter in a research note on Thursday. Jefferies Financial Group started coverage on Badger Meter in a report on Friday, December 12th. They issued a “buy” rating and a $220.00 price objective for the company. Stifel Nicolaus set a $166.00 target price on Badger Meter and gave the company a “buy” rating in a research note on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $191.00 price objective (down from $229.00) on shares of Badger Meter in a report on Thursday. Finally, Barclays set a $136.00 target price on shares of Badger Meter and gave the stock an “underweight” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Badger Meter has a consensus rating of “Hold” and a consensus target price of $188.89.

View Our Latest Stock Report on BMI

Badger Meter Stock Down 1.4%

Shares of BMI traded down $1.99 during trading hours on Thursday, hitting $144.33. The company had a trading volume of 841,003 shares, compared to its average volume of 397,459. The firm has a market cap of $4.25 billion, a P/E ratio of 30.71, a P/E/G ratio of 2.49 and a beta of 0.91. The stock’s 50 day moving average price is $175.85 and its 200 day moving average price is $182.87. Badger Meter has a 52-week low of $139.14 and a 52-week high of $256.08.

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

Institutional Trading of Badger Meter

A number of institutional investors and hedge funds have recently modified their holdings of the business. N.E.W. Advisory Services LLC bought a new position in shares of Badger Meter during the fourth quarter valued at $25,000. Caitlin John LLC bought a new position in Badger Meter during the 3rd quarter valued at about $31,000. Brown Brothers Harriman & Co. lifted its stake in Badger Meter by 62.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of Badger Meter during the 3rd quarter valued at about $38,000. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Badger Meter by 170.5% in the second quarter. Cullen Frost Bankers Inc. now owns 165 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 104 shares during the period. Institutional investors own 89.01% of the company’s stock.

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About Badger Meter

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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.

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