Gardner Denver (GDI) Hits New 52-Week Low at $24.18

Gardner Denver Holdings Inc (NYSE:GDI) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $24.18 and last traded at $24.89, with a volume of 54392 shares. The stock had previously closed at $25.18.

Several research analysts recently commented on GDI shares. Citigroup decreased their target price on shares of Gardner Denver from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, June 25th. Zacks Investment Research cut shares of Gardner Denver from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. MED started coverage on shares of Gardner Denver in a report on Wednesday, July 11th. They issued a “buy” rating and a $36.00 price target on the stock. Deutsche Bank reiterated a “hold” rating and issued a $32.00 price target on shares of Gardner Denver in a report on Thursday, July 12th. Finally, ValuEngine cut shares of Gardner Denver from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Two research 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. The stock has a consensus rating of “Hold” and a consensus price target of $36.10.

The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 249.20 and a beta of 1.23. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.56 and a current ratio of 2.53.

Gardner Denver (NYSE:GDI) last announced its earnings results on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Gardner Denver had a net margin of 10.55% and a return on equity of 24.52%. The firm had revenue of $668.20 million for the quarter, compared to analysts’ expectations of $668.92 million. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts expect that Gardner Denver Holdings Inc will post 1.37 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of Gardner Denver by 8.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,310 shares of the company’s stock valued at $744,000 after buying an additional 2,007 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Gardner Denver by 36.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 8,263 shares of the company’s stock valued at $243,000 after buying an additional 2,191 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Gardner Denver by 38.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 8,229 shares of the company’s stock valued at $253,000 after buying an additional 2,286 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Gardner Denver by 21.5% during the 1st quarter. Amalgamated Bank now owns 15,774 shares of the company’s stock valued at $484,000 after buying an additional 2,790 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Gardner Denver by 3.6% during the 2nd quarter. Macquarie Group Ltd. now owns 87,076 shares of the company’s stock valued at $2,559,000 after buying an additional 3,005 shares in the last quarter.

Gardner Denver Company Profile (NYSE:GDI)

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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