Gardner Denver Holdings, Inc. (GDI) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Gardner Denver Holdings, Inc. (NYSE:GDI) from a buy rating to a hold rating in a report released on Wednesday.

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. “

GDI has been the subject of a number of other reports. Citigroup Inc. reiterated 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, October 9th. Simmons reiterated 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 reiterated a buy rating and set a $28.00 target price on shares of Gardner Denver Holdings in a research report on Thursday, September 7th. Wolfe Research began coverage on 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. Finally, Piper Jaffray Companies set a $27.00 target price on Gardner Denver Holdings and gave the company a buy rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $28.70.

Gardner Denver Holdings (NYSE:GDI) traded down 1.23% during midday trading on Wednesday, hitting $26.42. The stock had a trading volume of 376,171 shares. The firm has a 50-day moving average price of $25.78 and a 200-day moving average price of $23.56. The firm’s market capitalization is $5.18 billion. Gardner Denver Holdings has a 1-year low of $19.91 and a 1-year high of $27.95.

ILLEGAL ACTIVITY NOTICE: “Gardner Denver Holdings, Inc. (GDI) Lowered to Hold at Zacks Investment Research” was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.themarketsdaily.com/2017/10/19/gardner-denver-holdings-inc-gdi-lowered-to-hold-at-zacks-investment-research.html.

Several hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. bought a new stake in shares of Gardner Denver Holdings during the 2nd quarter worth $83,015,000. Neuberger Berman Group LLC bought a new stake in shares of Gardner Denver Holdings during the 2nd quarter worth $66,221,000. Vanguard Group Inc. bought a new stake in shares of Gardner Denver Holdings during the 2nd quarter worth $61,434,000. Jennison Associates LLC bought a new stake in shares of Gardner Denver Holdings during the 2nd quarter worth $49,247,000. Finally, Teachers Advisors LLC bought a new stake in shares of Gardner Denver Holdings during the 2nd quarter worth $47,611,000. 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)

Receive News & Ratings for Gardner Denver Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gardner Denver Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply