Badger Meter PT Raised to $52.00 at Canaccord Genuity (BMI)
Equities researchers at Canaccord Genuity upped their price target on shares of Badger Meter (NYSE:BMI) from $50.00 to $52.00 in a research report issued on Friday, Analyst Ratings Net reports. Canaccord Genuity’s price target indicates a potential upside of 1.03% from the stock’s previous close.
Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.01. The company had revenue of $81.01 million for the quarter, compared to the consensus estimate of $80.66 million. During the same quarter last year, the company posted $0.39 earnings per share. Badger Meter’s revenue was up 9.0% compared to the same quarter last year.
A number of other analysts have also recently weighed in on BMI. Analysts at Ladenburg Thalmann initiated coverage on shares of Badger Meter in a research note to investors on Monday, January 13th. They set a “neutral” rating and a $50.00 price target on the stock. 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.
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement and control technologies serving markets globally.
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