Badger Meter Coverage Initiated by Analysts at Ladenburg Thalmann (BMI)
Equities research analysts at Ladenburg Thalmann began coverage on shares of Badger Meter (NYSE:BMI) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $50.00 price target on the stock. Ladenburg Thalmann’s price objective indicates a potential downside of 4.25% from the stock’s previous close.
A number of other analysts have also recently weighed in on BMI. Analysts at Zacks reiterated a “neutral” rating on shares of Badger Meter in a research note to investors on Thursday, December 5th. They now have a $55.00 price target on the stock.
Shares of Badger Meter (NYSE:BMI) traded down 1.62% on Monday, hitting $52.22. The stock had a trading volume of 61,715 shares. Badger Meter has a 1-year low of $41.88 and a 1-year high of $56.36. The stock’s 50-day moving average is $53. and its 200-day moving average is $49.65. The company has a market cap of $750.8 million and a P/E ratio of 32.19.
Badger Meter (NYSE:BMI) last released its earnings data on Thursday, October 17th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.02. The company had revenue of $92.96 million for the quarter, compared to the consensus estimate of $90.25 million. During the same quarter last year, the company posted $0.62 earnings per share. Badger Meter’s revenue was up 6.7% compared to the same quarter last year. On average, analysts predict that Badger Meter will post $1.70 earnings per share for the current fiscal year.
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement and control technologies serving markets globally.
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