Gardner Denver (GDI) Price Target Cut to $38.00

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Gardner Denver (NYSE:GDI) had its target price dropped by analysts at Citigroup from $41.00 to $38.00 in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 42.91% from the stock’s current price.

Other analysts also recently issued research reports about the company. Piper Jaffray Companies restated a “buy” rating and issued a $32.00 target price on shares of Gardner Denver in a research note on Monday. Morgan Stanley began coverage on Gardner Denver in a research note on Monday, August 20th. They issued an “equal weight” rating and a $30.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and issued a $32.00 target price on shares of Gardner Denver in a research note on Monday. ValuEngine upgraded Gardner Denver from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Zacks Investment Research downgraded Gardner Denver from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Gardner Denver presently has a consensus rating of “Hold” and a consensus target price of $34.90.

Shares of GDI opened at $26.59 on Monday. Gardner Denver has a 52 week low of $23.33 and a 52 week 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. The stock has a market capitalization of $5.20 billion, a PE ratio of 265.90 and a beta of 1.23.

Gardner Denver (NYSE:GDI) last issued its earnings results on Friday, October 26th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Gardner Denver had a return on equity of 23.04% and a net margin of 12.06%. The firm had revenue of $689.30 million for the quarter, compared to the consensus estimate of $707.78 million. On average, research analysts predict that Gardner Denver will post 1.37 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. boosted its position in Gardner Denver by 8.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 25,310 shares of the company’s stock worth $744,000 after purchasing an additional 2,007 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Gardner Denver by 36.1% during the second quarter. Great West Life Assurance Co. Can now owns 8,263 shares of the company’s stock worth $243,000 after purchasing an additional 2,191 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Gardner Denver by 38.5% during the first quarter. The Manufacturers Life Insurance Company now owns 8,229 shares of the company’s stock worth $253,000 after purchasing an additional 2,286 shares in the last quarter. Macquarie Group Ltd. boosted its position in Gardner Denver by 3.6% during the second quarter. Macquarie Group Ltd. now owns 87,076 shares of the company’s stock worth $2,559,000 after purchasing an additional 3,005 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its position in Gardner Denver by 114.8% during the second quarter. Riverhead Capital Management LLC now owns 6,443 shares of the company’s stock worth $189,000 after purchasing an additional 3,443 shares in 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.

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