RBC Capital has increased its price target for Badger Meter (BMI, Financial), elevating it from $238 to $252, while maintaining an Outperform rating on the company's shares. This adjustment follows a significant performance from Badger Meter, which reported a 25% operating beat. The company's topline results were largely in line with expectations; however, demand for organic water metering outperformed estimates, registering 12% growth compared to the anticipated 9%.
In addition to the strong performance metrics, Badger Meter confirmed that its facility in Mexico is exempt from tariffs due to compliance with the United States-Mexico-Canada Agreement (USMCA). This development is likely to support the company's ongoing operational efficiencies and market competitiveness.
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 9.37% from the current price of $202.08. 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 7.26% from the current price of $202.075. 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.
