Badger Meter which can be found using ticker (BMI) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 152 and 125 calculating the average target price we see $134.33. Given that the stocks previous close was at $135.64 this would imply there is a potential downside of -1.0%. Also worth taking note is the 50 day moving average now sits at $120.16 while the 200 day moving average is $107.80. The company has a market cap of $3,934m. Visit the company website at: https://www.badgermeter.com
The potential market cap would be $3,896m based on the market consensus.
Badger Meter manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers’ representatives. In addition, the company offers ORION (SE) for traditional fixed network applications; and ORION Cellular for utility-owned fixed network infrastructure, as well as BEACON, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. The company serves water utilities, industrial, and other industries. It sells its products directly, as well as through resellers and representatives. Badger Meter was incorporated in 1905 and is based in Milwaukee, Wisconsin.
The company has a dividend yield of 0.66% with the ex dividend date set at 23-2-2023 (DMY).
