Maxim Group Remains a Buy on Badger Meter (BMI)

Maxim Group analyst Tate Sullivan maintained a Buy rating on Badger Meter (BMIResearch Report) yesterday and set a price target of $125.00. The company’s shares closed last Thursday at $90.56.

According to, Sullivan is a 5-star analyst with an average return of 15.1% and a 42.1% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Natural Gas Services Group, Seanergy Maritime, and Globus Maritime.

Badger Meter has an analyst consensus of Hold, with a price target consensus of $94.80.

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Based on Badger Meter’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $132 million and net profit of $14.36 million. In comparison, last year the company earned revenue of $123 million and had a net profit of $13.97 million.

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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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