Gardner Denver (GDI) Stock Rating Reaffirmed by Stifel Nicolaus

Gardner Denver (NYSE:GDI)‘s stock had its “buy” rating reissued by analysts at Stifel Nicolaus in a research report issued to clients and investors on Monday. They presently have a $32.00 price target on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 23.46% from the company’s previous close.

Several other equities analysts have also weighed in on GDI. Piper Jaffray Companies set a $37.00 target price on Gardner Denver and gave the company a “buy” rating in a report on Wednesday, August 15th. Deutsche Bank restated a “hold” rating and set a $32.00 target price on shares of Gardner Denver in a report on Thursday, July 12th. MED began coverage on Gardner Denver in a report on Wednesday, July 11th. They set a “buy” rating and a $36.00 target price on the stock. ValuEngine upgraded Gardner Denver from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research downgraded Gardner Denver from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Gardner Denver presently has an average rating of “Hold” and an average target price of $34.90.

NYSE GDI traded up $0.34 during trading on Monday, hitting $25.92. 300,466 shares of the company traded hands, compared to its average volume of 1,475,771. Gardner Denver has a 12 month low of $23.33 and a 12 month high of $38.00. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.53 and a quick ratio of 1.56. The firm has a market cap of $5.20 billion, a P/E ratio of 259.20 and a beta of 1.23.



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

Large investors have recently modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of Gardner Denver in the second quarter valued at about $107,000. Riverhead Capital Management LLC grew its position in shares of Gardner Denver by 114.8% in the second quarter. Riverhead Capital Management LLC now owns 6,443 shares of the company’s stock valued at $189,000 after purchasing an additional 3,443 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Gardner Denver by 38.5% in the first quarter. The Manufacturers Life Insurance Company now owns 8,229 shares of the company’s stock valued at $253,000 after purchasing an additional 2,286 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Gardner Denver by 36.1% in the second quarter. Great West Life Assurance Co. Can now owns 8,263 shares of the company’s stock valued at $243,000 after purchasing an additional 2,191 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Gardner Denver by 70.3% in the second quarter. State of Alaska Department of Revenue now owns 11,600 shares of the company’s stock valued at $340,000 after purchasing an additional 4,790 shares during the last quarter.

About Gardner Denver

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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