Gardner Denver (NYSE:GDI)‘s stock had its “buy” rating reiterated by research analysts at Stifel Nicolaus in a research note issued on Tuesday, MarketBeat.com reports. They presently have a $41.00 price target on the stock, up from their previous price target of $36.00. Stifel Nicolaus’ price objective would suggest a potential upside of 18.63% from the stock’s previous close.
A number of other equities analysts have also issued reports on GDI. Simmons reissued an “overweight” rating and set a $31.00 price target on shares of Gardner Denver in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of Gardner Denver from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Tuesday, October 3rd. Robert W. Baird reissued a “buy” rating and set a $30.00 price target on shares of Gardner Denver in a research report on Wednesday, October 4th. Citigroup reissued a “buy” rating and set a $32.00 price target (up from $28.00) on shares of Gardner Denver in a research report on Monday, October 9th. Finally, UBS Group lifted their target price on shares of Gardner Denver from $28.00 to $33.00 and gave the company a “buy” rating in a report on Friday, October 27th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.70.
Gardner Denver (NYSE:GDI) traded down $0.33 on Tuesday, reaching $34.56. 542,000 shares of the company’s stock were exchanged, compared to its average volume of 525,967. Gardner Denver has a 12 month low of $19.91 and a 12 month high of $35.41. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 1.58. The stock has a market cap of $6,770.00 and a price-to-earnings ratio of -44.31.
In other news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of Gardner Denver stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $667,380,758.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Several large investors have recently bought and sold shares of GDI. Schwab Charles Investment Management Inc. purchased a new position in shares of Gardner Denver during the 2nd quarter valued at approximately $3,491,000. Rhumbline Advisers acquired a new stake in Gardner Denver in the 2nd quarter valued at $1,008,000. Bank of New York Mellon Corp acquired a new stake in Gardner Denver in the 2nd quarter valued at $2,576,000. Principal Financial Group Inc. acquired a new stake in Gardner Denver in the 2nd quarter valued at $1,397,000. Finally, JPMorgan Chase & Co. acquired a new stake in Gardner Denver in the 2nd quarter valued at $3,781,000.
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Gardner Denver 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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