Gardner Denver (GDI) Receives Average Rating from TD Securities

TD Securities reissued their average rating on shares of Gardner Denver (NYSE:GDI) in a report published on Monday. TD Securities currently has a $25.00 price target on the stock.

Several other analysts have also commented on the company. Morgan Stanley initiated coverage on Gardner Denver in a report on Monday, August 20th. They issued an equal weight rating and a $30.00 price objective on the stock. ValuEngine lowered Gardner Denver from a hold rating to a sell rating in a report on Thursday, August 23rd. Barclays reissued a hold rating and issued a $31.00 price objective on shares of Gardner Denver in a report on Friday, September 7th. Piper Jaffray Companies reissued a buy rating and issued a $32.00 price objective on shares of Gardner Denver in a report on Monday, October 29th. Finally, Goldman Sachs Group raised Gardner Denver from a buy rating to a conviction-buy rating and set a $34.00 price objective on the stock in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $33.15.

Shares of GDI stock opened at $22.90 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.40 and a quick ratio of 1.46. The company has a market cap of $4.63 billion, a P/E ratio of 228.90 and a beta of 0.95. Gardner Denver has a twelve month low of $21.42 and a twelve month high of $38.00.

Gardner Denver (NYSE:GDI) last announced its quarterly earnings results on Friday, October 26th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $689.30 million during the quarter, compared to analysts’ expectations of $707.78 million. Gardner Denver had a return on equity of 22.72% and a net margin of 12.06%. As a group, equities analysts predict that Gardner Denver will post 1.31 earnings per share for the current year.

In other Gardner Denver news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $25.66, for a total value of $513,200,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of GDI. FMR LLC boosted its stake in shares of Gardner Denver by 103.4% in the second quarter. FMR LLC now owns 13,576,681 shares of the company’s stock worth $399,019,000 after acquiring an additional 6,901,523 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Gardner Denver by 33.2% in the second quarter. Artisan Partners Limited Partnership now owns 9,281,012 shares of the company’s stock worth $272,769,000 after acquiring an additional 2,313,078 shares during the last quarter. Eaton Vance Management boosted its stake in shares of Gardner Denver by 129.1% in the third quarter. Eaton Vance Management now owns 2,956,243 shares of the company’s stock worth $83,780,000 after acquiring an additional 1,665,914 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Gardner Denver by 133.6% in the second quarter. OppenheimerFunds Inc. now owns 2,734,973 shares of the company’s stock worth $80,380,000 after acquiring an additional 1,564,257 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Gardner Denver by 66.7% in the second quarter. Wells Fargo & Company MN now owns 2,173,099 shares of the company’s stock worth $63,868,000 after acquiring an additional 869,139 shares during 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.

Further Reading: Stock Symbols and CUSIP Explained

Analyst Recommendations for Gardner Denver (NYSE:GDI)

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