Gardner Denver Holdings, Inc. (GDI) Given Average Recommendation of “Buy” by Brokerages

Shares of Gardner Denver Holdings, Inc. (NYSE:GDI) have received an average rating of “Buy” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $28.70.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Gardner Denver Holdings from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Tuesday, October 3rd. Citigroup Inc. restated a “buy” rating and set a $32.00 target price (up from $28.00) on shares of Gardner Denver Holdings in a research report on Monday. Simmons restated an “overweight” rating and set a $31.00 target price on shares of Gardner Denver Holdings in a research report on Tuesday, September 26th. Stifel Nicolaus restated a “buy” rating and set a $28.00 target price on shares of Gardner Denver Holdings in a research report on Thursday, September 7th. Finally, Wolfe Research assumed coverage on shares of Gardner Denver Holdings in a research report on Tuesday, July 11th. They set an “outperform” rating and a $26.00 target price for the company.

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Shares of Gardner Denver Holdings (NYSE:GDI) opened at 26.90 on Wednesday. The firm has a 50-day moving average price of $25.10 and a 200-day moving average price of $23.41. The stock’s market cap is $5.27 billion. Gardner Denver Holdings has a 52 week low of $19.91 and a 52 week high of $27.95.

Several institutional investors have recently modified their holdings of GDI. Engineers Gate Manager LP acquired a new position in shares of Gardner Denver Holdings in the second quarter worth about $201,000. Pacad Investment Ltd. acquired a new position in shares of Gardner Denver Holdings in the second quarter worth about $211,000. CNH Partners LLC acquired a new position in shares of Gardner Denver Holdings in the second quarter worth about $216,000. NGAM Advisors L.P. acquired a new position in shares of Gardner Denver Holdings in the second quarter worth about $302,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Gardner Denver Holdings in the second quarter worth about $335,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Gardner Denver Holdings Company Profile

Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.

Analyst Recommendations for Gardner Denver Holdings (NYSE:GDI)

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