Canaccord Genuity Keeps Their Hold Rating on Badger Meter

By Jason Carr

In a report released yesterday, John Quealy from Canaccord Genuity reiterated a Hold rating on Badger Meter (NYSE: BMI), with a price target of $37. The company’s shares opened today at $38.60.

According to TipRanks.com, Quealy is a 4-star analyst with an average return of 6.5% and a 54.3% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Darling Ingredients, and Ceco Environmental.

Badger Meter has an analyst consensus of Hold, with a price target consensus of $37.

The company has a one year high of $41.70 and a one year low of $29.30. Currently, Badger Meter has an average volume of 140.8K.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Horst Gras, the VP-International of BMI sold 4,568 shares for a total of $177,695.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Badger Meter, Inc. engages in the manufacture and market of flow measurement and control products that serves water and gas utilities, municipalities, and industrial customers worldwide. The firm operates through the following geographical segments: Unites States, Asia, Canada, Europe, Mexico, Middle East, and Other. Its products are used in a wide variety of applications, including water, oil, and lubricants. The company’s products are classified into the following categories: municipal water, flow instrumentation, and specialty products. Municipal water products comprises of water meters and related technologies to municipal water utilities. Flow instrumentation products involves meters to various industries for water and other fluids. Specialty products offers gas meter radios and concrete vibrators to unique markets. The company was founded in 1905 and is headquartered in Milwaukee, WI.