JPMorgan Chase & Co. Has Lowered Expectations for Badger Meter (NYSE:BMI) Stock Price

Badger Meter (NYSE:BMI) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $172.00 to $170.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 37.51% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings cut Badger Meter from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Barclays reduced their price objective on Badger Meter from $110.00 to $109.00 and set an “underweight” rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada decreased their price objective on Badger Meter from $169.00 to $162.00 and set an “outperform” rating on the stock in a report on Thursday. Seaport Research Partners set a $160.00 target price on shares of Badger Meter in a report on Thursday. Finally, Robert W. Baird set a $167.00 price target on shares of Badger Meter and gave the stock an “outperform” rating in a research note on Thursday. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $163.57.

Badger Meter Price Performance

NYSE BMI traded down $3.04 on Thursday, hitting $123.62. The company had a trading volume of 757,678 shares, compared to its average volume of 513,301. The company’s fifty day moving average price is $134.06 and its 200-day moving average price is $144.47. The company has a market capitalization of $3.61 billion, a PE ratio of 27.97, a PEG ratio of 2.62 and a beta of 0.64. Badger Meter has a 12-month low of $112.09 and a 12-month high of $204.00.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.01. Badger Meter had a net margin of 14.56% and a return on equity of 18.76%. The business had revenue of $220.30 million for the quarter, compared to the consensus estimate of $220.59 million. During the same period last year, the firm posted $1.17 earnings per share. The company’s revenue was down 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Badger Meter will post 4.51 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BMI. N.E.W. Advisory Services LLC acquired a new stake in Badger Meter during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in Badger Meter by 76.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of Badger Meter in the 4th quarter valued at approximately $27,000. Brown Brothers Harriman & Co. increased its holdings in shares of 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 worth $33,000 after buying an additional 71 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Badger Meter during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Key Stories Impacting Badger Meter

Here are the key news stories impacting Badger Meter this week:

• Positive Sentiment: Royal Bank of Canada lowered its price target on Badger Meter to $162 from $169, but kept an “outperform” rating, implying meaningful upside from current levels. Article Title
• Neutral Sentiment: Badger Meter reported Q2 EPS of $1.02, slightly ahead of expectations, but revenue of $220.3 million was below last year’s level and operating profit margin fell to 17.7% from 18.8%. Article Title
• Neutral Sentiment: Analysts’ average price target remains well above the current share price, and one brokerage summary cited a blended target of about $155.71. Article Title
• Negative Sentiment: Multiple firms issued investor alerts and class-action reminders alleging Badger Meter misled investors about demand and order trends, increasing legal overhang and headline risk. Article Title

Badger Meter Company Profile

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.