Gardner Denver (GDI) Earns Buy Rating from Analysts at MED

Stock analysts at MED assumed coverage on shares of Gardner Denver (NYSE:GDI) in a note issued to investors on Wednesday, The Fly reports. The firm set a “buy” rating and a $36.00 price target on the stock. MED’s price target would suggest a potential upside of 24.87% from the stock’s current price.

GDI has been the subject of a number of other research reports. ValuEngine lowered shares of Gardner Denver from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Zacks Investment Research raised shares of Gardner Denver from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, April 18th. Citigroup raised their price objective on shares of Gardner Denver from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. Finally, Johnson Rice raised shares of Gardner Denver from an “accumulate” rating to a “buy” rating in a research note on Friday, June 15th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $34.55.

NYSE:GDI traded down $0.44 during trading hours on Wednesday, reaching $28.83. 1,313,938 shares of the company’s stock were exchanged, compared to its average volume of 1,157,307. The stock has a market capitalization of $5.85 billion and a price-to-earnings ratio of 288.30. Gardner Denver has a 12 month low of $21.73 and a 12 month high of $38.00. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.55 and a current ratio of 2.48.

Gardner Denver (NYSE:GDI) last issued its earnings results on Friday, April 27th. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.23. The firm had revenue of $619.60 million during the quarter, compared to analysts’ expectations of $570.06 million. Gardner Denver had a net margin of 2.70% and a return on equity of 17.57%. sell-side analysts expect that Gardner Denver will post 1.32 EPS for the current fiscal year.

In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 30,436,064 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $29.84, for a total value of $908,212,149.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Gardner Denver by 123.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the company’s stock worth $147,000 after buying an additional 2,650 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in Gardner Denver by 50.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,850 shares of the company’s stock worth $165,000 after buying an additional 1,620 shares in the last quarter. US Bancorp DE lifted its position in Gardner Denver by 341.2% in the 1st quarter. US Bancorp DE now owns 5,210 shares of the company’s stock worth $160,000 after buying an additional 4,029 shares in the last quarter. Virtu Financial LLC purchased a new stake in Gardner Denver in the 4th quarter worth approximately $245,000. Finally, The Manufacturers Life Insurance Company lifted its position in Gardner Denver by 38.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 8,229 shares of the company’s stock worth $253,000 after buying an additional 2,286 shares in the last quarter. Institutional investors own 98.76% 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.

The Fly

Analyst Recommendations for Gardner Denver (NYSE:GDI)

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