Gardner Denver (NYSE:GDI) Given New $33.00 Price Target at Stifel Nicolaus

Gardner Denver (NYSE:GDI) had its target price cut by Stifel Nicolaus from $35.00 to $33.00 in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. They currently have a hold rating on the stock.

Other research analysts also recently issued research reports about the company. UBS Group restated a buy rating and issued a $25.00 target price on shares of Infineon Technologies in a research note on Tuesday, May 7th. CIBC restated a hold rating and issued a $37.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Wednesday, May 15th. Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, TheStreet upgraded White Mountains Insurance Group from a c rating to a b rating in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $31.79.

Shares of NYSE GDI opened at $32.78 on Monday. The company has a 50-day moving average price of $33.89. The company has a quick ratio of 1.37, a current ratio of 2.27 and a debt-to-equity ratio of 0.93. Gardner Denver has a one year low of $18.70 and a one year high of $36.22. The stock has a market capitalization of $6.65 billion, a P/E ratio of 24.95 and a beta of 1.37.

Gardner Denver (NYSE:GDI) last issued its earnings results on Tuesday, April 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.18. Gardner Denver had a return on equity of 16.60% and a net margin of 10.19%. The firm had revenue of $620.30 million for the quarter, compared to the consensus estimate of $600.92 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts forecast that Gardner Denver will post 1.2 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in shares of Gardner Denver by 19.4% during the 4th quarter. American International Group Inc. now owns 2,553 shares of the company’s stock worth $52,000 after acquiring an additional 414 shares in the last quarter. Comerica Bank boosted its stake in Gardner Denver by 6.2% during the 1st quarter. Comerica Bank now owns 9,652 shares of the company’s stock valued at $270,000 after purchasing an additional 563 shares during the period. Boston Partners boosted its stake in Gardner Denver by 2.5% during the 1st quarter. Boston Partners now owns 31,183 shares of the company’s stock valued at $867,000 after purchasing an additional 763 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Gardner Denver by 19.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,285 shares of the company’s stock valued at $108,000 after purchasing an additional 843 shares during the period. Finally, LGT Capital Partners LTD. boosted its stake in Gardner Denver by 1.1% during the 2nd quarter. LGT Capital Partners LTD. now owns 88,000 shares of the company’s stock valued at $3,045,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 98.79% of the company’s stock.

Gardner Denver Company Profile

Gardner Denver Holdings, Inc provides mission-critical flow control and compression equipment; and associated aftermarket parts, consumables, and services in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Industrials, Energy, and Medical.

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