Badger Meter (BMI) received a Buy rating and a $65 price target from Maxim Group analyst Tate Sullivan today. The company’s shares opened today at $50.12.
Sullivan observed:
“We believe Badger Meter (BMI) can grow revenue and margins by selling more expensive water meters with new technology into a 100-year old infrastructure market.”
Sullivan has an average return of 12.1% when recommending Badger Meter.
According to TipRanks.com, Sullivan is ranked #2104 out of 4900 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Badger Meter with a $52 average price target.
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Badger Meter’s market cap is currently $1.47B and has a P/E ratio of 61.57. The company has a Price to Book ratio of 4.98.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is neutral on the stock.
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Badger Meter, Inc. engages in the provision of flow measurement, control products, and communications solutions that serves water utilities, municipalities, and commercial and industrial customers worldwide. Its products are classified into two categories: Municipal Water and Flow Instrumentation.
