On Thursday, Badger Meter got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Badger Meter is currently forming a cup with handle, with a 229.32 buy point. Look for the stock to break out in volume at least 40% above average.
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The stock earns a 97 EPS Rating, which means its recent quarterly and annual earnings growth tops 97% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 23% EPS growth. Top line growth came in at 12%, down from 23% in the previous quarter.
Badger Meter holds the No. 1 rank among its peers in the Machinery-General Industrial industry group. Graham Corp and SPX Technologies are also among the group's highest-rated stocks.
