Brokerages Set Gardner Denver Holdings Inc (GDI) Price Target at $35.63
Gardner Denver Holdings Inc (NYSE:GDI) has been assigned a consensus rating of “Hold” from the twelve analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $35.63.
Several equities analysts have recently weighed in on GDI shares. Piper Jaffray Companies set a $35.00 price objective on Gardner Denver and gave the company a “buy” rating in a report on Wednesday, September 26th. MED started coverage on Gardner Denver in a report on Wednesday, July 11th. They set a “buy” rating and a $36.00 price objective on the stock. Morgan Stanley started coverage on Gardner Denver in a report on Monday, August 20th. They set an “equal weight” rating and a $30.00 price objective on the stock. ValuEngine upgraded Gardner Denver from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Deutsche Bank reiterated a “hold” rating and set a $32.00 price objective on shares of Gardner Denver in a report on Thursday, July 12th.
Shares of Gardner Denver stock traded up $1.55 during trading on Friday, hitting $26.11. 3,224,272 shares of the company were exchanged, compared to its average volume of 1,365,086. The firm has a market capitalization of $5.20 billion, a P/E ratio of 261.10 and a beta of 1.23. Gardner Denver has a 1-year low of $23.33 and a 1-year high of $38.00. The company has a current ratio of 2.53, a quick ratio of 1.56 and a debt-to-equity ratio of 1.21.
Several large investors have recently added to or reduced their stakes in GDI. First Trust Advisors LP bought a new stake in Gardner Denver in the 2nd quarter valued at approximately $5,762,000. FMR LLC lifted its stake in Gardner Denver by 103.4% in the 2nd quarter. FMR LLC now owns 13,576,681 shares of the company’s stock valued at $399,019,000 after acquiring an additional 6,901,523 shares in the last quarter. Granahan Investment Management Inc. MA lifted its stake in Gardner Denver by 7.6% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 183,601 shares of the company’s stock valued at $5,396,000 after acquiring an additional 12,965 shares in the last quarter. Tiverton Asset Management LLC lifted its stake in Gardner Denver by 6.4% in the 2nd quarter. Tiverton Asset Management LLC now owns 177,032 shares of the company’s stock valued at $5,203,000 after acquiring an additional 10,720 shares in the last quarter. Finally, United Services Automobile Association lifted its stake in Gardner Denver by 7.0% in the 2nd quarter. United Services Automobile Association now owns 193,331 shares of the company’s stock valued at $5,682,000 after acquiring an additional 12,600 shares in 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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