Citigroup Inc. reissued their buy rating on shares of Gardner Denver Holdings, Inc. (NYSE:GDI) in a research note published on Monday morning. They currently have a $32.00 price objective on the stock, up from their prior price objective of $28.00.
Other analysts have also recently issued reports about the company. Robert W. Baird reissued a buy rating and issued a $30.00 price target on shares of Gardner Denver Holdings in a report on Wednesday, October 4th. Zacks Investment Research raised Gardner Denver Holdings from a hold rating to a buy rating and set a $31.00 price target for the company in a report on Tuesday, October 3rd. Stifel Nicolaus reissued a buy rating and issued a $28.00 price target on shares of Gardner Denver Holdings in a report on Thursday, September 7th. Piper Jaffray Companies set a $27.00 price objective on Gardner Denver Holdings and gave the stock a buy rating in a report on Tuesday, July 18th. Finally, Wolfe Research assumed coverage on Gardner Denver Holdings in a report on Tuesday, July 11th. They set an outperform rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $28.70.
Shares of Gardner Denver Holdings (NYSE:GDI) opened at 26.86 on Monday. Gardner Denver Holdings has a 52-week low of $19.91 and a 52-week high of $27.95. The stock has a 50 day moving average price of $25.21 and a 200-day moving average price of $23.44. The stock’s market capitalization is $5.26 billion.
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Hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP acquired a new position in Gardner Denver Holdings during the second quarter worth $201,000. Pacad Investment Ltd. acquired a new position in Gardner Denver Holdings during the second quarter worth $211,000. CNH Partners LLC acquired a new position in Gardner Denver Holdings during the second quarter worth $216,000. NGAM Advisors L.P. acquired a new position in Gardner Denver Holdings during the second quarter worth $302,000. Finally, Ameriprise Financial Inc. acquired a new position in Gardner Denver Holdings during the second quarter worth $335,000. 98.52% of the stock is owned by hedge funds and other institutional investors.
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.
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