ValuEngine lowered shares of Gardner Denver (NYSE:GDI) from a hold rating to a sell rating in a research report released on Thursday, August 23rd.

A number of other research analysts also recently issued reports on GDI. Citigroup lifted their price target on Gardner Denver from $41.00 to $42.00 and gave the company a buy rating in a report on Monday, April 30th. Zacks Investment Research upgraded Gardner Denver from a hold rating to a strong-buy rating and set a $36.00 price target on the stock in a report on Wednesday, May 2nd. Johnson Rice upgraded Gardner Denver from an accumulate rating to a buy rating in a report on Friday, June 15th. MED started coverage on Gardner Denver in a research report on Wednesday, July 11th. They issued a buy rating and a $36.00 price objective for the company. Finally, Deutsche Bank reissued a hold rating and issued a $32.00 price objective on shares of Gardner Denver in a research report on Thursday, July 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $35.33.

Shares of GDI stock traded up $0.78 on Thursday, reaching $28.62. 2,025,894 shares of the company’s stock were exchanged, compared to its average volume of 1,240,814. Gardner Denver has a 52 week low of $24.35 and a 52 week high of $38.00. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.56 and a current ratio of 2.53. The firm has a market capitalization of $5.29 billion, a P/E ratio of 15.37 and a beta of 1.23.

Gardner Denver (NYSE:GDI) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The firm had revenue of $668.20 million during the quarter, compared to analyst estimates of $668.92 million. Gardner Denver had a return on equity of 24.52% and a net margin of 10.55%. Gardner Denver’s quarterly revenue was up 15.4% compared to the same quarter last year. sell-side analysts forecast that Gardner Denver will post 1.38 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GDI. Bank of Montreal Can acquired a new position in Gardner Denver in the second quarter valued at approximately $107,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Gardner Denver by 123.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the company’s stock worth $147,000 after purchasing an additional 2,650 shares in the last quarter. US Bancorp DE lifted its stake in Gardner Denver by 341.2% during the first quarter. US Bancorp DE now owns 5,210 shares of the company’s stock worth $160,000 after purchasing an additional 4,029 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Gardner Denver by 50.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,850 shares of the company’s stock worth $165,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its stake 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. Hedge funds and other institutional investors own 98.62% of the company’s stock.

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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Analyst Recommendations for Gardner Denver (NYSE:GDI)

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