Back to top

Bull of the Day

Badger Meter (BMI) reported earnings of $0.62 in the third quarter of 2012 and revenues of $87 million, up 35% and 25%, respectively. Both outpaced the respective Zacks Consensus Estimates. The acquisitions of Racine Federation, Cox Flow Measurement and Remag are expected to boost the company's flow measurement business globally.

The acquisitions broadened the company's product range and customer base for Badger Meter. The company will continue to benefit from the customers preference for the cost effective AMR technology as well as growing interest in AMA. Furthermore, buoyed by its strong balance sheet and healthy cash flows, Badger Meter can invest in growth opportunities, develop new products and return cash to shareholders.

Based on these positives, we have upgraded our recommendation from Neutral to Outperform on Badger Meter with a target price of $55.00. This target price, 27.1x our 2012 EPS estimate, reflects our view.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%