Gardner Denver (GDI) Rating Reiterated by Piper Jaffray Companies

Gardner Denver (NYSE:GDI)‘s stock had its “buy” rating reissued by Piper Jaffray Companies in a research report issued to clients and investors on Monday. They presently have a $32.00 price objective on the stock. Piper Jaffray Companies’ price target would suggest a potential upside of 20.35% from the company’s previous close.

Several other equities research analysts have also commented on GDI. MED started coverage on shares of Gardner Denver in a research note on Wednesday, July 11th. They issued a “buy” rating and a $36.00 price target on the stock. Deutsche Bank restated a “hold” rating and issued a $32.00 price target on shares of Gardner Denver in a research note on Thursday, July 12th. Zacks Investment Research lowered shares of Gardner Denver from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. ValuEngine lowered shares of Gardner Denver from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Morgan Stanley started coverage on shares of Gardner Denver in a research note on Monday, August 20th. They issued an “equal weight” rating and a $30.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Gardner Denver has an average rating of “Hold” and an average price target of $34.90.

Shares of NYSE:GDI opened at $26.59 on Monday. Gardner Denver has a 52 week low of $23.33 and a 52 week high of $38.00. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 265.90 and a beta of 1.23. The company has a current ratio of 2.53, a quick ratio of 1.56 and a debt-to-equity ratio of 1.21.

Gardner Denver (NYSE:GDI) last announced its quarterly earnings results on Friday, October 26th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Gardner Denver had a net margin of 12.06% and a return on equity of 23.04%. The company had revenue of $689.30 million for the quarter, compared to analyst estimates of $707.78 million. Sell-side analysts predict that Gardner Denver will post 1.37 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of GDI. Northern Trust Corp grew its holdings in shares of Gardner Denver by 28.6% during the first quarter. Northern Trust Corp now owns 374,084 shares of the company’s stock worth $11,476,000 after purchasing an additional 83,102 shares in the last quarter. BlackRock Inc. boosted its stake in Gardner Denver by 7.9% in the first quarter. BlackRock Inc. now owns 2,853,575 shares of the company’s stock worth $87,548,000 after buying an additional 208,920 shares in the last quarter. California Public Employees Retirement System boosted its stake in Gardner Denver by 130.6% in the first quarter. California Public Employees Retirement System now owns 51,200 shares of the company’s stock worth $1,571,000 after buying an additional 29,000 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Gardner Denver in the first quarter worth approximately $9,453,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Gardner Denver by 38.5% in the first 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.

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.

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Analyst Recommendations for Gardner Denver (NYSE:GDI)

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