Gardner Denver (NYSE:GDI) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Gardner Denver (NYSE:GDI) from a hold rating to a sell rating in a research report released on Tuesday morning, Zacks.com reports.

According to Zacks, “Gardner Denver Holdings, Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services. Its products and services consist of compressor, pump, vacuum and blower. Gardner Denver Holdings, Inc. is based in Milwaukee, United States. “

GDI has been the topic of a number of other reports. Morgan Stanley decreased their price objective on Gardner Denver from $37.00 to $35.00 and set an overweight rating on the stock in a report on Wednesday, October 2nd. Stifel Nicolaus decreased their price objective on Gardner Denver from $35.00 to $33.00 and set a hold rating on the stock in a report on Monday, July 15th. Barclays reaffirmed a hold rating and set a $30.00 price objective on shares of Gardner Denver in a report on Wednesday, September 4th. CIBC reaffirmed a hold rating and set a $31.00 price objective on shares of Gardner Denver in a report on Monday, August 12th. Finally, TheStreet downgraded Gardner Denver from a b- rating to a c rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $32.71.

NYSE GDI opened at $29.57 on Tuesday. The company has a current ratio of 2.48, a quick ratio of 1.53 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average is $28.80 and its two-hundred day moving average is $31.19. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 22.92 and a beta of 1.43. Gardner Denver has a 1-year low of $18.70 and a 1-year high of $36.22.

Gardner Denver (NYSE:GDI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. The company had revenue of $629.10 million for the quarter, compared to the consensus estimate of $634.46 million. Gardner Denver had a return on equity of 15.17% and a net margin of 9.76%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 earnings per share. On average, analysts predict that Gardner Denver will post 0.73 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in Gardner Denver by 0.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 114,007 shares of the company’s stock worth $3,945,000 after purchasing an additional 341 shares during the last quarter. Boston Partners raised its position in Gardner Denver by 1.3% in the 2nd quarter. Boston Partners now owns 31,592 shares of the company’s stock worth $1,093,000 after purchasing an additional 409 shares during the last quarter. Comerica Bank raised its position in Gardner Denver by 6.2% in the 1st quarter. Comerica Bank now owns 9,652 shares of the company’s stock worth $270,000 after purchasing an additional 563 shares during the last quarter. Capital Investment Advisory Services LLC bought a new position in Gardner Denver in the 2nd quarter worth approximately $33,000. Finally, LGT Capital Partners LTD. raised its position in Gardner Denver by 1.1% in the 2nd quarter. LGT Capital Partners LTD. now owns 88,000 shares of the company’s stock worth $3,045,000 after purchasing an additional 1,000 shares during the last quarter.

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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