Alert: Positive Investment/Fundamental Signals (8/13/24)-Badger Meter Inc. (NYSE: BMI)

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Important positive changes in Badger Meter Inc. (NYSE: BMI) fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2025 increased significantly.

Badger Meter Inc. (NYSE: BMI). Important positive changes in investment behavior have recently occurred: its shorter term price trend turned up.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

BMI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Badger Meter has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Badger Meter has a very low Appreciation Score of 11 but a very high Power Rating of 96, and the Neutral Value Trend Rating results.

Recent Price Action

Badger Meter Inc. (NYSE: BMI) stock closed at $194.54 on 8/13/24 after a large increase of 2.0%. However, trading volume in this advance was unusually low at 56% of normal. The stock has risen 3.6% during the last week and has been exceptionally strong relative to the market over the last nine months.

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