Gardner Denver Holdings Inc (NYSE:GDI) Given Consensus Recommendation of “Buy” by Brokerages

Gardner Denver Holdings Inc (NYSE:GDI) has been assigned an average rating of “Buy” from the nineteen ratings firms that are currently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $31.14.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Gardner Denver from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. CIBC restated a “hold” rating and set a $28.00 target price on shares of Gardner Denver in a research report on Wednesday, May 15th. TheStreet upgraded shares of Gardner Denver from a “c” rating to a “b-” rating in a research report on Monday, May 13th. UBS Group lowered shares of Gardner Denver from a “buy” rating to a “neutral” rating and raised their target price for the stock from $31.00 to $38.00 in a research report on Tuesday, May 7th. Finally, Credit Suisse Group raised their target price on shares of Gardner Denver from $31.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st.

Shares of GDI stock traded up $0.41 during trading hours on Monday, hitting $34.04. The company’s stock had a trading volume of 822,200 shares, compared to its average volume of 1,656,996. The firm has a market capitalization of $6.79 billion, a PE ratio of 26.39 and a beta of 1.51. Gardner Denver has a twelve month low of $18.70 and a twelve month high of $36.22. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.27 and a quick ratio of 1.37.

Gardner Denver (NYSE:GDI) last announced its earnings results on Tuesday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.18. Gardner Denver had a net margin of 10.19% and a return on equity of 16.60%. The firm had revenue of $620.30 million for the quarter, compared to analyst estimates of $600.92 million. During the same quarter last year, the business earned $0.38 earnings per share. Gardner Denver’s revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gardner Denver will post 1.26 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors LLC acquired a new position in shares of Gardner Denver in the 4th quarter valued at $47,000. American International Group Inc. boosted its holdings in shares of Gardner Denver by 19.4% in the 4th quarter. American International Group Inc. now owns 2,553 shares of the company’s stock valued at $52,000 after purchasing an additional 414 shares during the last quarter. Quantamental Technologies LLC boosted its holdings in shares of Gardner Denver by 224.9% in the 1st quarter. Quantamental Technologies LLC now owns 2,599 shares of the company’s stock valued at $72,000 after purchasing an additional 1,799 shares during the last quarter. Cresset Asset Management LLC acquired a new position in shares of Gardner Denver in the 1st quarter valued at $79,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Gardner Denver by 17.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 4,611 shares of the company’s stock valued at $94,000 after purchasing an additional 688 shares during the last quarter. Institutional investors own 98.69% of the company’s stock.

About Gardner Denver

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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Analyst Recommendations for Gardner Denver (NYSE:GDI)

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