Gardner Denver (GDI) Reaches New 12-Month High on Analyst Upgrade

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Gardner Denver Holdings Inc (NYSE:GDI)’s share price reached a new 52-week high on Thursday after Credit Suisse Group raised their price target on the stock from $31.00 to $36.00. Credit Suisse Group currently has an outperform rating on the stock. Gardner Denver traded as high as $35.97 and last traded at $35.82, with a volume of 2600187 shares. The stock had previously closed at $34.61.

A number of other research firms also recently weighed in on GDI. BTIG Research started coverage on Gardner Denver in a research report on Friday, January 25th. They set a “buy” rating and a $30.00 price target for the company. ValuEngine raised Gardner Denver from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research downgraded Gardner Denver from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $34.00 price target on shares of Gardner Denver in a research report on Wednesday, February 20th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price target on shares of Gardner Denver in a research report on Wednesday, February 20th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.79.

Several institutional investors have recently made changes to their positions in the company. American International Group Inc. raised its stake in shares of Gardner Denver by 19.4% during the 4th quarter. American International Group Inc. now owns 2,553 shares of the company’s stock worth $52,000 after purchasing an additional 414 shares in the last quarter. Comerica Bank raised its stake in shares of Gardner Denver by 6.2% during the 1st quarter. Comerica Bank now owns 9,652 shares of the company’s stock worth $270,000 after purchasing an additional 563 shares in the last quarter. Boston Partners raised its stake in shares of Gardner Denver by 1.9% during the 4th quarter. Boston Partners now owns 30,420 shares of the company’s stock worth $622,000 after purchasing an additional 579 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Gardner Denver by 17.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 4,611 shares of the company’s stock worth $94,000 after purchasing an additional 688 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Gardner Denver by 19.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,285 shares of the company’s stock worth $108,000 after purchasing an additional 843 shares in the last quarter. Institutional investors own 98.26% of the company’s stock.

The company has a market capitalization of $6.76 billion, a PE ratio of 26.90 and a beta of 1.74. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.23 and a quick ratio of 1.35.

Gardner Denver (NYSE:GDI) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.18. Gardner Denver had a return on equity of 16.89% and a net margin of 10.19%. The company had revenue of $620.30 million for the quarter, compared to analysts’ expectations of $600.92 million. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue was up .1% compared to the same quarter last year. On average, equities analysts expect that Gardner Denver Holdings Inc will post 1.32 earnings per share for the current year.

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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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