Gardner Denver Holdings Inc (GDI) Receives $29.60 Consensus Target Price from Brokerages

Gardner Denver Holdings Inc (NYSE:GDI) has been given an average recommendation of “Buy” by the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $29.60.

GDI has been the subject of several research analyst reports. TD Securities restated an “average” rating and issued a $25.00 price objective on shares of Gardner Denver in a research note on Monday, December 3rd. Zacks Investment Research cut Gardner Denver from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. BTIG Research initiated coverage on Gardner Denver in a research note on Friday, January 25th. They issued a “buy” rating and a $30.00 price objective for the company. Citigroup reduced their price objective on Gardner Denver from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Finally, Goldman Sachs Group upgraded Gardner Denver from a “buy” rating to a “conviction-buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, October 31st.

NYSE GDI traded up $0.14 during trading on Tuesday, hitting $25.04. The company’s stock had a trading volume of 953,200 shares, compared to its average volume of 1,463,279. Gardner Denver has a fifty-two week low of $18.70 and a fifty-two week high of $35.28. The company has a market cap of $4.95 billion, a PE ratio of 250.20 and a beta of 1.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.46 and a current ratio of 2.40.

Several large investors have recently made changes to their positions in GDI. Zions Bancorporation raised its stake in shares of Gardner Denver by 154.5% in the third quarter. Zions Bancorporation now owns 3,659 shares of the company’s stock worth $104,000 after purchasing an additional 2,221 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Gardner Denver during the third quarter valued at approximately $130,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gardner Denver by 49.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,902 shares of the company’s stock valued at $182,000 after acquiring an additional 2,961 shares in the last quarter. Hartford Investment Management Co. purchased a new position in Gardner Denver during the third quarter valued at approximately $204,000. Finally, Janney Montgomery Scott LLC purchased a new position in Gardner Denver during the third quarter valued at approximately $210,000.

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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