Barclays Sticks to Their Sell Rating for Badger Meter (BMI)
Barclays analyst William Grippin maintained a Sell rating on Badger Meter on April 17 and set a price target of $110.00. The company’s shares closed last Friday at $115.54.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Grippin is an analyst with an average return of -17.2% and a 26.92% success rate. Grippin covers the Industrials sector, focusing on stocks such as Republic Services, Waste Management, and Xylem.
Currently, the analyst consensus on Badger Meter is a Moderate Buy with an average price target of $175.88.
Based on Badger Meter’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $202.28 million and a net profit of $27.34 million. In comparison, last year the company earned a revenue of $222.21 million and had a net profit of $38.4 million
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BMI in relation to earlier this year. Last month, Kimberly Stoll, the VP-Cust Serv & GM SmartCover of BMI sold 143.00 shares for a total of $20,663.50.
