Badger Meter (BMI) Stock Forecast, Price Target & Predictions
BMI Stock Forecast
Badger Meter stock forecast is as follows: an average price target of $204.60 (represents a -5.61% downside from BMI’s last price of $216.75) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.
BMI Price Target
The average price target for Badger Meter (BMI) is $204.60 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $250.00 to $175.00. This represents a potential -5.61% downside from BMI's last price of $216.75.
BMI Analyst Ratings
According to 3 Wall Street analysts, Badger Meter's rating consensus is 'Hold'. The analyst rating breakdown for BMI stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Badger Meter Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Kristina Ruggeri | Argus Research | $230.00 | $204.82 | 12.29% | 6.11% |
| Oct 18, 2024 | Scott Graham | Seaport Global | $250.00 | $211.47 | 18.22% | 15.34% |
| Sep 11, 2024 | Scott Graham | Seaport Global | $235.00 | $195.19 | 20.40% | 8.42% |
| Jul 23, 2024 | Kristina Ruggeri | Argus Research | $218.00 | $201.52 | 8.18% | 0.58% |
| Jul 22, 2024 | Richard Eastman | Robert W. Baird | $184.00 | $190.56 | -3.44% | -15.11% |
| Apr 19, 2024 | Richard Eastman | Robert W. Baird | $180.00 | $178.48 | 0.85% | -16.96% |
| Apr 19, 2024 | Andy Krill | Deutsche Bank | $184.00 | $178.48 | 3.09% | -15.11% |
| Apr 18, 2024 | Nathan Jones | Stifel Nicolaus | $175.00 | $178.48 | -1.95% | -19.26% |
The latest Badger Meter stock forecast, released on Oct 21, 2024 by Kristina Ruggeri from Argus Research, set a price target of $230.00, which represents a 12.29% increase from the stock price at the time of the forecast ($204.82), and a 6.11% increase from BMI last price ($216.75).
Badger Meter Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 8 |
| Avg Price Target | $230.00 | $238.33 | $207.00 |
| Last Closing Price | $216.75 | $216.75 | $216.75 |
| Upside/Downside | 6.11% | 9.96% | -4.50% |
In the current month, the average price target of Badger Meter stock is $230.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 6.11% increase as opposed to Badger Meter's last price of $216.75. This month's average price target is down -3.50% compared to last quarter, and up 11.11% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | Seaport Global | Buy | Buy | Hold |
| Sep 10, 2024 | Seaport Global | - | Buy | Initialise |
| Apr 19, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Apr 18, 2024 | Northcoast Research | - | Neutral | Upgrade |
Badger Meter's last stock rating was published by Seaport Global on Oct 18, 2024. The company gave BMI a "Buy" rating, the same as its previous rate.
Badger Meter Financial Forecast
Badger Meter Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $186.19M | $175.86M | $159.10M | $147.32M | $148.01M | $137.83M | $132.40M | $135.75M | $128.74M | $122.87M | $117.84M | $112.33M | $113.59M | $91.12M | $108.51M | $107.56M | $108.65M |
| Avg Forecast | $235.00M | $244.58M | $254.10M | $228.23M | $220.70M | $229.01M | $232.61M | $212.75M | $201.60M | $212.08M | $203.39M | $182.25M | $182.24M | $179.06M | $156.86M | $142.64M | $143.64M | $137.78M | $131.90M | $132.54M | $127.88M | $126.49M | $118.40M | $120.40M | $109.15M | $101.49M | $98.56M | $106.67M | $108.68M | $111.17M |
| High Forecast | $239.22M | $248.97M | $258.66M | $232.32M | $224.66M | $233.12M | $236.78M | $213.21M | $203.20M | $212.35M | $207.04M | $182.25M | $182.64M | $182.27M | $159.68M | $145.20M | $146.22M | $137.78M | $131.90M | $132.54M | $127.88M | $126.49M | $118.40M | $120.40M | $109.15M | $101.49M | $98.56M | $106.67M | $108.68M | $111.17M |
| Low Forecast | $231.67M | $241.11M | $250.50M | $225.00M | $217.58M | $225.77M | $229.31M | $212.27M | $198.95M | $211.81M | $200.51M | $182.25M | $181.83M | $176.52M | $154.64M | $140.62M | $141.61M | $137.78M | $131.90M | $132.54M | $127.88M | $126.49M | $118.40M | $120.40M | $109.15M | $101.49M | $98.56M | $106.67M | $108.68M | $111.17M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 11 | 8 | 8 | 12 | 7 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.12% | 1.12% | 1.03% | 1.07% | 1.05% | 1.00% | 1.06% | 1.02% | 1.04% | 0.98% | 1.03% | 1.12% | 0.92% | 1.02% | 0.99% | 0.98% |
Badger Meter's average Quarter revenue forecast for Dec 23 based on 3 analysts is $182.24M, with a low forecast of $181.83M, and a high forecast of $182.64M. BMI's average Quarter revenue forecast represents a -2.13% decrease compared to the company's last Quarter revenue of $186.19M (Sep 23).
Badger Meter EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 11 | 8 | 8 | 12 | 7 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $31.42M | $36.38M | $31.96M | $28.52M | $30.55M | $28.73M | $25.61M | $29.81M | $26.44M | $25.66M | $24.66M | $23.21M | $26.01M | $18.85M | $22.20M | $22.31M | $22.05M |
| Avg Forecast | $48.57M | $50.55M | $52.52M | $47.17M | $45.61M | $47.33M | $48.07M | $43.97M | $41.67M | $43.83M | $42.04M | $32.20M | $37.66M | $37.01M | $32.42M | $29.27M | $24.42M | $28.48M | $27.26M | $26.61M | $26.43M | $26.15M | $24.47M | $21.72M | $22.56M | $20.98M | $20.37M | $19.80M | $22.47M | $22.98M |
| High Forecast | $49.44M | $51.45M | $53.46M | $48.02M | $46.43M | $48.18M | $48.94M | $44.07M | $42.00M | $43.89M | $42.79M | $38.64M | $37.75M | $37.67M | $33.00M | $35.13M | $29.31M | $28.48M | $27.26M | $31.93M | $26.43M | $26.15M | $24.47M | $26.06M | $22.56M | $20.98M | $20.37M | $23.76M | $22.47M | $22.98M |
| Low Forecast | $47.88M | $49.83M | $51.77M | $46.50M | $44.97M | $46.66M | $47.39M | $43.87M | $41.12M | $43.78M | $41.44M | $25.76M | $37.58M | $36.48M | $31.96M | $23.42M | $19.54M | $28.48M | $27.26M | $21.29M | $26.43M | $26.15M | $24.47M | $17.38M | $22.56M | $20.98M | $20.37M | $15.84M | $22.47M | $22.98M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 1.12% | 1.09% | 1.17% | 1.07% | 1.05% | 0.96% | 1.13% | 1.01% | 1.05% | 1.14% | 1.03% | 1.24% | 0.93% | 1.12% | 0.99% | 0.96% |
3 analysts predict BMI's average Quarter EBITDA for Dec 23 to be $37.66M, with a high of $37.75M and a low of $37.58M. This is 19.86% upper than Badger Meter's previous annual EBITDA (Sep 23) of $31.42M.
Badger Meter Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 11 | 8 | 8 | 12 | 7 | 12 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $25.97M | $22.49M | $19.41M | $17.54M | $17.93M | $16.66M | $14.36M | $17.28M | $15.86M | $13.97M | $13.78M | $13.09M | $14.86M | $9.53M | $11.85M | $12.27M | $12.72M |
| Avg Forecast | $37.81M | $40.95M | $42.88M | $36.35M | $37.35M | $38.17M | $37.97M | $33.40M | $29.86M | $32.80M | $30.38M | $18.06M | $24.25M | $23.89M | $19.27M | $16.42M | $14.15M | $17.17M | $15.21M | $14.92M | $13.82M | $14.70M | $13.52M | $12.14M | $12.70M | $11.22M | $10.19M | $10.57M | $12.55M | $12.74M |
| High Forecast | $38.69M | $41.91M | $43.88M | $37.19M | $38.22M | $39.06M | $38.85M | $34.00M | $30.16M | $34.08M | $31.08M | $21.67M | $24.55M | $24.45M | $19.71M | $19.70M | $16.98M | $17.17M | $15.21M | $17.91M | $13.82M | $14.70M | $13.52M | $14.57M | $12.70M | $11.22M | $10.19M | $12.69M | $12.55M | $12.74M |
| Low Forecast | $37.11M | $40.20M | $42.09M | $35.68M | $36.67M | $37.47M | $37.27M | $32.49M | $28.97M | $31.51M | $29.82M | $14.45M | $23.94M | $23.45M | $18.91M | $13.13M | $11.32M | $17.17M | $15.21M | $11.94M | $13.82M | $14.70M | $13.52M | $9.71M | $12.70M | $11.22M | $10.19M | $8.46M | $12.55M | $12.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.17% | 1.18% | 1.24% | 1.04% | 1.10% | 0.96% | 1.25% | 1.08% | 1.03% | 1.14% | 1.03% | 1.32% | 0.94% | 1.12% | 0.98% | 1.00% |
Badger Meter's average Quarter net income forecast for Dec 23 is $24.25M, with a range of $23.94M to $24.55M. BMI's average Quarter net income forecast represents a -6.64% decrease compared to the company's last Quarter net income of $25.97M (Sep 23).
Badger Meter SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 11 | 8 | 8 | 12 | 7 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $41.33M | $39.97M | $37.80M | $34.52M | $33.68M | $32.70M | $31.89M | $31.98M | $31.74M | $31.43M | $31.61M | $27.09M | $25.51M | $23.19M | $27.31M | $24.78M | $25.23M |
| Avg Forecast | $54.81M | $57.04M | $59.26M | $53.23M | $51.47M | $53.41M | $54.25M | $49.62M | $47.02M | $49.46M | $47.44M | $40.06M | $42.50M | $41.76M | $36.58M | $36.42M | $26.19M | $32.13M | $30.76M | $33.11M | $29.82M | $29.50M | $27.61M | $27.85M | $25.46M | $23.67M | $22.99M | $24.35M | $25.35M | $25.93M |
| High Forecast | $55.79M | $58.06M | $60.33M | $54.18M | $52.40M | $54.37M | $55.22M | $49.73M | $47.39M | $49.52M | $48.29M | $48.08M | $42.60M | $42.51M | $37.24M | $43.71M | $31.43M | $32.13M | $30.76M | $39.73M | $29.82M | $29.50M | $27.61M | $33.42M | $25.46M | $23.67M | $22.99M | $29.23M | $25.35M | $25.93M |
| Low Forecast | $54.03M | $56.23M | $58.42M | $52.47M | $50.74M | $52.65M | $53.48M | $49.51M | $46.40M | $49.40M | $46.76M | $32.05M | $42.41M | $41.17M | $36.07M | $29.14M | $20.95M | $32.13M | $30.76M | $26.49M | $29.82M | $29.50M | $27.61M | $22.28M | $25.46M | $23.67M | $22.99M | $19.48M | $25.35M | $25.93M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.09% | 1.04% | 1.32% | 1.05% | 1.06% | 0.96% | 1.07% | 1.08% | 1.14% | 1.14% | 1.06% | 1.08% | 1.01% | 1.12% | 0.98% | 0.97% |
Badger Meter's average Quarter SG&A projection for Dec 23 is $42.50M, based on 3 Wall Street analysts, with a range of $42.41M to $42.60M. The forecast indicates a 2.83% rise compared to BMI last annual SG&A of $41.33M (Sep 23).
Badger Meter EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 11 | 8 | 8 | 12 | 7 | 12 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.89 | $0.77 | $0.66 | $0.60 | $0.61 | $0.57 | $0.49 | $0.59 | $0.54 | $0.48 | $0.47 | $0.45 | $0.51 | $0.33 | $0.41 | $0.42 | $0.44 |
| Avg Forecast | $1.28 | $1.39 | $1.45 | $1.23 | $1.26 | $1.29 | $1.29 | $1.13 | $1.01 | $1.11 | $1.03 | $0.82 | $0.82 | $0.81 | $0.65 | $0.55 | $0.61 | $0.58 | $0.52 | $0.51 | $0.47 | $0.50 | $0.46 | $0.42 | $0.43 | $0.38 | $0.34 | $0.36 | $0.42 | $0.43 |
| High Forecast | $1.31 | $1.42 | $1.48 | $1.26 | $1.29 | $1.32 | $1.31 | $1.15 | $1.02 | $1.15 | $1.05 | $0.82 | $0.83 | $0.83 | $0.67 | $0.57 | $0.62 | $0.58 | $0.52 | $0.51 | $0.47 | $0.50 | $0.46 | $0.42 | $0.43 | $0.38 | $0.34 | $0.36 | $0.42 | $0.43 |
| Low Forecast | $1.26 | $1.36 | $1.42 | $1.21 | $1.24 | $1.27 | $1.26 | $1.10 | $0.98 | $1.07 | $1.01 | $0.82 | $0.81 | $0.79 | $0.64 | $0.54 | $0.60 | $0.58 | $0.52 | $0.51 | $0.47 | $0.50 | $0.46 | $0.42 | $0.43 | $0.38 | $0.34 | $0.36 | $0.42 | $0.43 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.18% | 1.19% | 0.98% | 1.05% | 1.11% | 0.97% | 1.26% | 1.08% | 1.05% | 1.11% | 1.05% | 1.34% | 0.96% | 1.12% | 0.99% | 1.02% |
According to 3 Wall Street analysts, Badger Meter's projected average Quarter EPS for Dec 23 is $0.82, with a low estimate of $0.81 and a high estimate of $0.83. This represents a -7.80% decrease compared to BMI previous annual EPS of $0.89 (Sep 23).
Badger Meter Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ST | Sensata Technologies | $30.72 | $50.25 | 63.57% | Buy |
| MKSI | MKS Instruments | $108.35 | $143.09 | 32.06% | Buy |
| VPG | Vishay Precision Group | $21.45 | $27.00 | 25.87% | - |
| MLAB | Mesa Laboratories | $98.59 | $120.00 | 21.72% | Buy |
| FTV | Fortive | $75.75 | $86.50 | 14.19% | Buy |
| NOVT | Novanta | $164.94 | $175.00 | 6.10% | Buy |
| TDY | Teledyne | $470.45 | $496.80 | 5.60% | Buy |
| TRMB | Trimble | $70.48 | $71.33 | 1.21% | Buy |
| ESE | ESCO | $146.99 | $145.00 | -1.35% | Buy |
| BMI | Badger Meter | $216.75 | $204.60 | -5.61% | Hold |
| VNT | Vontier | $37.39 | $32.67 | -12.62% | Buy |
| COHR | Coherent | $103.38 | $88.46 | -14.43% | Buy |
| ITRI | Itron | $114.11 | $89.91 | -21.21% | Buy |