Gardner Denver (GDI) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Gardner Denver (NYSE:GDI) from a hold rating to a buy rating in a research note released on Tuesday morning. The brokerage currently has $39.00 target price on the stock.

According to Zacks, “Gardner Denver Holdings, Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services. Its products and services consist of compressor, pump, vacuum and blower. Gardner Denver Holdings, Inc. is based in Milwaukee, United States. “

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus increased their target price on shares of Gardner Denver from $30.00 to $34.00 and gave the stock a buy rating in a report on Friday, October 27th. Citigroup increased their target price on shares of Gardner Denver to $36.00 and gave the stock a buy rating in a report on Friday, December 15th. Tigress Financial reissued a buy rating on shares of Gardner Denver in a report on Monday, December 18th. UBS Group increased their target price on shares of Gardner Denver from $28.00 to $33.00 and gave the stock a buy rating in a report on Friday, October 27th. Finally, Simmons reissued an overweight rating and issued a $31.00 target price on shares of Gardner Denver in a report on Tuesday, September 26th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $31.70.

Gardner Denver (GDI) traded up $0.72 during midday trading on Tuesday, hitting $35.92. 518,520 shares of the stock traded hands, compared to its average volume of 579,855. Gardner Denver has a 12-month low of $19.91 and a 12-month high of $36.08. The stock has a market cap of $7,030.00 and a price-to-earnings ratio of -46.05. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 1.58.

Gardner Denver (NYSE:GDI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.04. analysts forecast that Gardner Denver will post -0.21 EPS for the current fiscal year.

In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $26.43, for a total value of $667,380,758.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

A number of hedge funds have recently bought and sold shares of GDI. Schwab Charles Investment Management Inc. bought a new position in Gardner Denver in the 2nd quarter worth approximately $3,491,000. Rhumbline Advisers bought a new position in Gardner Denver in the 2nd quarter worth approximately $1,008,000. Bank of New York Mellon Corp bought a new position in Gardner Denver in the 2nd quarter worth approximately $2,576,000. Principal Financial Group Inc. bought a new position in Gardner Denver in the 2nd quarter worth approximately $1,397,000. Finally, JPMorgan Chase & Co. bought a new position in Gardner Denver in the 2nd quarter worth approximately $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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