Gardner Denver (GDI) Rating Reiterated by Tigress Financial

Gardner Denver (NYSE:GDI)‘s stock had its “buy” rating reaffirmed by investment analysts at Tigress Financial in a research report issued on Monday.

A number of other analysts have also commented on GDI. Robert W. Baird reissued a “buy” rating and set a $30.00 price objective on shares of Gardner Denver in a report on Wednesday, October 4th. Zacks Investment Research raised Gardner Denver from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Tuesday, October 3rd. Citigroup boosted their price objective on Gardner Denver to $36.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Simmons reissued an “overweight” rating and set a $31.00 price objective on shares of Gardner Denver in a report on Tuesday, September 26th. Finally, Stifel Nicolaus boosted their price objective on Gardner Denver from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $30.60.

Shares of Gardner Denver (NYSE GDI) opened at $33.29 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.51 and a quick ratio of 1.60. Gardner Denver has a 12-month low of $19.91 and a 12-month high of $33.62.

In other news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $26.43, for a total value of $667,380,758.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of Gardner Denver by 145.5% in the 3rd quarter. Advisor Group Inc. now owns 5,837 shares of the company’s stock worth $160,000 after buying an additional 3,459 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Gardner Denver in the 2nd quarter worth approximately $201,000. Pacad Investment Ltd. purchased a new position in shares of Gardner Denver in the 2nd quarter worth approximately $211,000. CNH Partners LLC purchased a new position in shares of Gardner Denver in the 2nd quarter worth approximately $216,000. Finally, Amalgamated Bank purchased a new position in shares of Gardner Denver in the 3rd quarter worth approximately $223,000.

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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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