Alert: Positive Investment/Fundamental Signals (11/2/23)-Badger Meter Inc. (NYSE: BMI)


Significant positive changes in fundamentals have recently occurred for Badger Meter Inc. (NYSE: BMI): the consensus estimate for December, 2023 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2024 increased significantly.

Badger Meter Inc. (NYSE: BMI) has recently enjoyed meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.

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.


Current PriceTarget Research Rating

BMI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Badger Meter has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Badger Meter has a very low Appreciation Score of 9 but a very high Power Rating of 100, producing the Neutral Value Trend Rating.

Recent Price Action

Badger Meter Inc. (NYSE: BMI) stock enjoyed a large increase of 2.6% on 11/2/23. The stock closed at $142.40. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.8% during the last week.

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