Chart Of The Day: Badger Meter Measures Up

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The Chart of the Day belongs to the measurement instruments company Badger Meter (BMI). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 4/3 the stock gained 25.33%.

(Click on image to enlarge)

BMI Price vs Daily Moving Averages

Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. In addition, the company offers ORION (SE) for traditional fixed network applications; and ORION Cellular for utility-owned fixed network infrastructure, as well as BEACON, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. The company serves water utilities, industrial, and other industries. It sells its products directly, as well as through resellers and representatives. Badger Meter, Inc. was incorporated in 1905 and is based in Milwaukee, Wisconsin.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

  • 100% technical buy signals
  • 105.72+Weighted Alpha
  • 99.35% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50, and 100-day moving averages
  • 11 new highs and up 12.86% in the last month
  • Relative Strength Index 77.29%
  • The technical support level at $150.66
  • Recently traded at $154.10 with a 50-day moving average of $134.77
     

Fundamental Factors:

  • Market Cap $4.47 billion
  • P/E 61.90
  • Dividend yield .59%
  • Revenue is projected to grow 13.20% this year and another 6.30% next year
  • Earnings are estimated to increase 19.50% this year, an additional 9.60% next year, and continue to compound at an annual rate of 14.90% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analyst gave 1 strong buy, 1 buy, and 1 hold opinion on the stock
  • Analysts price targets are between $125 and $152
  • The individual investors on Motley Fool voted 213 to 16 for the stock to beat the market with the more experienced investors voting 35 to 3 for the same result
  • Value Line rates the stock an above-average rating of 2 and an 18-month price target of $167
  • CFRAs MarketScope rates it a buy
  • 3,520 investors monitor the stock on Seeking Alpha

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I/we have no stock, option, or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call ...

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