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A statement released earlier today by Stifel Nicolaus about Badger Meter (NYSE:BMI) bumps down the target price to $43.00

Stating a potential downside of -0.01%, Stifel Nicolaus dropped the price target of Badger Meter (NYSE:BMI) to $43.00

Previously on 09/19/2017, Stifel Nicolaus reported on Badger Meter (NYSE:BMI) increased the target price from $0.00 to $43.00. At the time, this indicated a possible downside of -0.07%.

Yesterday Badger Meter (NYSE:BMI) traded 0.00% even at $43.25. BMI’s 50-day average is $47.65 and its two hundred day average is $42.21. With the last stock price close up 5.65% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same time. 7,065 shares of the stock were exchanged, down from an average trading volume of 99,559

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Badger Meter (NYSE:BMI)

Badger Meter has a 52 week low of $29.30 and a 52 week high of $52.10 with a P/E ratio of 37.80 The company’s market cap is currently $0.

In addition to Stifel Nicolaus reporting its target price, a total of 5 analysts have released a report on Badger Meter. The 12-month price target is $66.80 with one equity analyst rating the company a strong buy, zero equity analysts rating the stock a buy, 5 brokerages rating the stock a hold, zero analysts rating the company a underperform, and lastly one analyst rating the stock a sell.

General Information About Badger Meter (NYSE:BMI)

Badger Meter, Inc. is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company's products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data. Its product lines include two categories: sales of water meters and related technologies to municipal water utilities (municipal water), and sales of meters to various industries for water and other fluids (flow instrumentation). The municipal water offering includes mechanical and ultrasonic (electronic) water meters and related technologies and services used by water utilities as the basis for generating water and wastewater. The flow instrumentation category includes the sale of meters and valves around the world to measure and control materials flowing through a pipe or pipeline, including air, steam, oil, and other liquids and gases.

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