Badger Meter Inc. (NYSE: BMI) has reported earnings for its first fiscal quarter (ending March 31) of $0.99 versus $0.66 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $3.49 compared to $2.44 a year ago.
Recent Price Action
Badger Meter Inc. (NYSE: BMI) stock closed at $178.48 on 4/18/24 after a major increase of 16.7%. Moreover, trading volume in this advance was exceptionally high at 435% of normal. The stock has risen 15.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BMI is expected to continue to be an important Value Builder.
Badger Meter has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Badger Meter has a very low Appreciation Score of 11 but a neutral Power Rating of 56, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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