Brokerages trim Badger Meter PT on Q1 revenue miss

Badger Meter

20/04/2026 12:46

** At least six brokerages cut price targets on fluid meters manufacturer Badger Meter BMI.N

** RBC says co's weak quarter reflects temporary project delays and softer shipments, but longer-term fundamentals and backlog strength remain intact

** Jefferies says recent earnings weakness reflects timing-driven volatility in short-cycle orders, not underlying demand issue

** Jefferies also slashes 2026 EPS forecast to $4.72 from $5.10

** Co on Friday posted Q1 revenue below analysts' estimates

** Shares of the company edges up nearly 1% at $116 premarket

** Eight of 13 brokerages rate the stock "buy" or higher, four "hold" and one "sell"; their median PT is $155 - data compiled by LSEG

** As of last close, stock had fallen 33.8% YTD

Brokerages
New PT
Old PT
RBC
$169
$197
Barclays
$110
$136
Stifel
$140
$174
Jefferies
$150
$190
J.P.Morgan
$160
$190
Deutsche Bank
$127
$167

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))