Brown Deer-based Badger Meter Inc.’s stock has been upgraded by investment analysts at Robert W. Baird & Co. Inc. from a “neutral” rating to an “outperform” rating.
Baird has a new $57 per share price objective for Badger Meter’s stock, up from a previous price objective of $54.
Badger Meter’s stock is traded on the New York Stock Exchange with the ticker symbol of BMI.
On average, analysts predict that Badger Meter will post $2.19 earnings per share for the current fiscal year.
Badger Meter recently reported record first quarter sales of $83.5 million and increased earnings of $4.6 million.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on Badger Meter shares with a $54 price target on the stock. Analysts at Canaccord Genuity raised their price target on shares of Badger Meter from $50 to $52 in a research note on Feb. 7.