Gardner Denver (GDI) PT Raised to $36.00

Gardner Denver (NYSE:GDI) had its price objective increased by Citigroup to $36.00 in a report released on Friday. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 10.40% from the company’s previous close.

A number of other brokerages have also commented on GDI. Zacks Investment Research upgraded Gardner Denver from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus lifted their price target on Gardner Denver from $34.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. UBS lifted their price target on Gardner Denver from $28.00 to $33.00 and gave the company a “buy” rating in a report on Friday, October 27th. Robert W. Baird reiterated a “buy” rating and set a $30.00 price target on shares of Gardner Denver in a report on Wednesday, October 4th. Finally, Simmons reiterated an “overweight” rating and set a $31.00 price target on shares of Gardner Denver in a report on Tuesday, September 26th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $30.60.

Shares of Gardner Denver (GDI) opened at $32.61 on Friday. Gardner Denver has a 1 year low of $19.91 and a 1 year high of $32.90. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 1.58.

In other news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of Gardner Denver stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $26.43, for a total transaction of $667,380,758.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the stock. Artisan Partners Limited Partnership bought a new position in shares of Gardner Denver in the 3rd quarter valued at approximately $136,195,000. Alliancebernstein L.P. bought a new position in shares of Gardner Denver in the 2nd quarter valued at approximately $83,015,000. Neuberger Berman Group LLC bought a new position in shares of Gardner Denver in the 2nd quarter valued at approximately $66,221,000. Vanguard Group Inc. bought a new position in shares of Gardner Denver in the 2nd quarter valued at approximately $61,434,000. Finally, Jennison Associates LLC bought a new position in shares of Gardner Denver in the 2nd quarter valued at approximately $49,247,000.

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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.

Analyst Recommendations for Gardner Denver (NYSE:GDI)

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