B+
Bull case
25%
Probability
Target price
$168.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
BMI
Badger MeterCNYSE / Technology Hardware & Equipment
Last Price
Quote time unavailable
Current thesis
Q3 EPS of $1.24 edged a $1.23 consensus estimate while operating margin improved 60 basis points year over year. If awarded utility projects ramp as management expects, Q4 Base-revenue growth could validate the recovery.
Posture
Mixed
Lead driver
Value
What changed
Value remains the lead driver in the composite, 7D delta -2.5.
What can break
Electronics supply-chain material costs and acquisition-related expense could offset mix and spending-control benefits. [#SEC-8K-2026-10-22]
Momentum
52
Value
53
Sentiment
51
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $145.00 · Bull $168.00 · Bear $120.00Analysis 2026-10-23; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-23 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-10-23
Investment thesis
As of 2026-10-23
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $154.13
Why
Momentum52 · Δ7d +17.8
Value53 · Δ7d -2.5
Sentiment51 · Δ7d -22.6
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Confirming evidence
- • Value remains the lead driver in the composite, 7D delta -2.5.
Contradictions & invalidation
- • Electronics supply-chain material costs and acquisition-related expense could offset mix and spending-control benefits. [#SEC-8K-2026-10-22]
- • Post-earnings analyst revisions are unverified at this early T+1 checkpoint.
- • Q3 revenue of $235.9 million missed the approximately $240.4 million consensus, organic utility-water sales remained down year over year, and electronics costs may pressure margins.
Catalyst clock
2027-01-21
Fourth-quarter utility-project ramp
Lead driver: Value · See fundamentals
Momentum
52
8% active weight
Current posture
7d trendFlat
Δ7d
+17.8
Δ21d
+21.1
Value
53
47% active weight
Current posture
7d trendSoftening
Δ7d
-2.5
Δ21d
-3.5
Sentiment
51
45% active weight
Current posture
7d trendSoftening
Δ7d
-22.6
Δ21d
-30.1
Why this grade
Composite grade C. Momentum 52.3 / Value 52.6 / Sentiment 51.4
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-23. Scenario method
Most likely
B
Base case
45%
Probability
Target price
$145.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
B-
Bear case
30%
Probability
Target price
$120.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-10-23
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$4.38B
Beta
0.90
Shares Out
28.99M
P/E (TTM)
37.7
P/S (TTM)
5.79
P/FCF (TTM)
41.90
Rev YoY
-6.6%
EPS YoY
-12.8%
Gross Margin
+41.3%
Op Margin
+18.6%
Net Debt
-$213.33M
Current Ratio
2.42
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data