Investment firm Baird has revised its price target for Badger Meter (BMI, Financial), reducing it slightly from $218 to $216. The adjustment comes as Baird maintains its Neutral rating on the stock.
The update follows an analysis of Badger Meter's first-quarter performance, where the company's profit margins exceeded expectations. Additionally, despite ongoing tariff costs, these expenses seem to be under control according to Baird's evaluation.
The adjustment in the price target indicates a cautious yet steady outlook for Badger Meter, as the firm adjusts its financial projections based on the latest results.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Badger Meter Inc (BMI, Financial) is $221.02 with a high estimate of $245.00 and a low estimate of $198.12. The average target implies an upside of 9.62% from the current price of $201.63. More detailed estimate data can be found on the Badger Meter Inc (BMI) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Badger Meter Inc's (BMI, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Badger Meter Inc (BMI, Financial) in one year is $216.74, suggesting a upside of 7.49% from the current price of $201.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Badger Meter Inc (BMI) Summary page.
