Gardner Denver Holdings Inc (NYSE:GDI) Receives $32.00 Average PT from Brokerages

Gardner Denver Holdings Inc (NYSE:GDI) has received an average rating of “Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $32.00.

GDI has been the subject of several analyst reports. Zacks Investment Research raised Gardner Denver from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Morgan Stanley lowered their target price on Gardner Denver from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Credit Suisse Group raised their target price on Gardner Denver from $31.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. TheStreet raised Gardner Denver from a “c” rating to a “b-” rating in a research report on Monday, May 13th. Finally, ValuEngine lowered Gardner Denver from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th.

Hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY increased its holdings in shares of Gardner Denver by 19.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,285 shares of the company’s stock valued at $108,000 after purchasing an additional 843 shares during the period. Legal & General Group Plc boosted its stake in Gardner Denver by 15.1% during the fourth quarter. Legal & General Group Plc now owns 63,739 shares of the company’s stock valued at $1,303,000 after buying an additional 8,384 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Gardner Denver by 103.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 859,431 shares of the company’s stock valued at $17,576,000 after buying an additional 437,169 shares in the last quarter. Geode Capital Management LLC boosted its stake in Gardner Denver by 24.0% during the fourth quarter. Geode Capital Management LLC now owns 1,190,326 shares of the company’s stock valued at $24,342,000 after buying an additional 230,081 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Gardner Denver by 48.0% during the fourth quarter. Deutsche Bank AG now owns 15,151 shares of the company’s stock valued at $307,000 after buying an additional 4,916 shares in the last quarter. 99.44% of the stock is owned by hedge funds and other institutional investors.

Shares of GDI traded up $0.02 during trading hours on Friday, reaching $29.61. The stock had a trading volume of 9,028 shares, compared to its average volume of 1,664,048. Gardner Denver has a 12 month low of $18.70 and a 12 month high of $36.22. The stock has a market capitalization of $6.03 billion, a PE ratio of 22.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.53 and a current ratio of 2.48. The company’s 50-day moving average is $32.17 and its two-hundred day moving average is $30.59.

Gardner Denver (NYSE:GDI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.20. The company had revenue of $629.10 million during the quarter, compared to analysts’ expectations of $634.46 million. Gardner Denver had a return on equity of 15.17% and a net margin of 9.76%. Gardner Denver’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. Equities analysts anticipate that Gardner Denver will post 0.81 earnings per share for the current fiscal year.

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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