Shares of Gardner Denver Holdings Inc (NYSE:GDI) have received a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $30.89.
Several equities analysts recently weighed in on GDI shares. Zacks Investment Research upgraded shares of Gardner Denver from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Stifel Nicolaus boosted their price objective on shares of Gardner Denver from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Citigroup set a $34.00 price objective on shares of Gardner Denver and gave the stock a “buy” rating in a report on Friday, October 27th. Robert W. Baird reiterated a “buy” rating and issued a $30.00 price objective on shares of Gardner Denver in a report on Wednesday, October 4th. Finally, UBS Group boosted their price objective 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.
Gardner Denver (NYSE GDI) traded up $0.27 during trading hours on Friday, hitting $36.19. 660,619 shares of the company traded hands, compared to its average volume of 585,621. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.51 and a quick ratio of 1.60. The firm has a market cap of $7,090.00 and a price-to-earnings ratio of -46.40. Gardner Denver has a 1-year low of $19.91 and a 1-year high of $36.24.
In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $26.43, for a total value of $667,380,758.40. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GDI. Artisan Partners Limited Partnership bought a new stake in shares of Gardner Denver in the 3rd quarter worth about $136,195,000. Vanguard Group Inc. bought a new stake in shares of Gardner Denver in the 2nd quarter worth about $61,434,000. TIAA CREF Investment Management LLC bought a new stake in shares of Gardner Denver in the 2nd quarter worth about $40,225,000. TPG Group Holdings SBS Advisors Inc. bought a new stake in shares of Gardner Denver in the 2nd quarter worth about $32,357,000. Finally, Wells Fargo & Company MN bought a new stake in shares of Gardner Denver in the 2nd quarter worth about $25,096,000.
About Gardner Denver
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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