Morgan Stanley analyst Connor Lynagh maintained a Sell rating on Badger Meter (BMI – Research Report) today and set a price target of $80.00. The company’s shares closed last Thursday at $80.26, close to its 52-week low of $74.82.
According to TipRanks.com, Lynagh is a 3-star analyst with an average return of 2.8% and a 55.4% success rate. Lynagh covers the Industrial Goods sector, focusing on stocks such as ProFrac Holding Corp. Class A, Nextier Oilfield Solutions, and Liberty Oilfield Services.
Currently, the analyst consensus on Badger Meter is a Hold with an average price target of $96.80.
Badger Meter’s market cap is currently $2.36B and has a P/E ratio of 38.57.
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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. Municipal water products comprises of water meters and related technologies to municipal water utilities. Flow Instrumentation products includes meters and valves sold worldwide to various industries for water and other fluids. The company was founded in 1905 and is headquartered in Milwaukee, WI.
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