Gardner Denver (NYSE:GDI) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Gardner Denver (NYSE:GDI) from a buy rating to a hold rating in a report issued on Saturday, ValuEngine reports.

A number of other research firms have also recently weighed in on GDI. Zacks Investment Research upgraded Gardner Denver from a sell rating to a hold rating in a research note on Thursday, July 25th. CIBC restated a hold rating and issued a $28.00 price target on shares of Gardner Denver in a research note on Wednesday, May 15th. TheStreet upgraded Gardner Denver from a c rating to a b- rating in a research note on Monday, May 13th. UBS Group cut Gardner Denver from a buy rating to a neutral rating and raised their price target for the company from $31.00 to $38.00 in a research note on Tuesday, May 7th. Finally, Morgan Stanley cut their price target on Gardner Denver from $40.00 to $37.00 and set an overweight rating on the stock in a research note on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Gardner Denver currently has an average rating of Buy and an average price target of $32.50.

Gardner Denver stock opened at $30.57 on Friday. Gardner Denver has a 1-year low of $18.70 and a 1-year high of $36.22. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.53 and a current ratio of 2.48. The firm has a market capitalization of $6.16 billion, a PE ratio of 23.70 and a beta of 1.36. The company has a fifty day simple moving average of $32.89.



Gardner Denver (NYSE:GDI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.20. Gardner Denver had a return on equity of 15.17% and a net margin of 9.76%. The company had revenue of $629.10 million for the quarter, compared to analysts’ expectations of $634.46 million. During the same period last year, the firm earned $0.44 earnings per share. Gardner Denver’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, analysts anticipate that Gardner Denver will post 0.81 earnings per share for the current year.

Several hedge funds have recently modified their holdings of GDI. Capital Investment Advisory Services LLC purchased a new position in shares of Gardner Denver during the second quarter worth about $33,000. NumerixS Investment Technologies Inc purchased a new position in shares of Gardner Denver during the second quarter worth about $45,000. Quantamental Technologies LLC grew its holdings in shares of Gardner Denver by 224.9% during the first quarter. Quantamental Technologies LLC now owns 2,599 shares of the company’s stock worth $72,000 after purchasing an additional 1,799 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of Gardner Denver by 19.0% during the fourth 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 during the last quarter. Finally, Aperio Group LLC purchased a new position in shares of Gardner Denver during the second quarter worth about $115,000. 97.52% of the stock is currently owned by institutional investors.

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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