Gardner Denver (NYSE:GDI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Gardner Denver Holdings, Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services. Its products and services consist of compressor, pump, vacuum and blower. Gardner Denver Holdings, Inc. is based in Milwaukee, United States. “

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus raised their target price on shares of Gardner Denver from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Simmons reiterated an “overweight” rating and issued a $31.00 target price on shares of Gardner Denver in a research note on Tuesday, September 26th. Citigroup set a $34.00 target price on shares of Gardner Denver and gave the company a “buy” rating in a research note on Friday, October 27th. Robert W. Baird reiterated a “buy” rating and issued a $30.00 target price on shares of Gardner Denver in a research note on Wednesday, October 4th. Finally, UBS raised their target price on shares of Gardner Denver from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Gardner Denver currently has a consensus rating of “Buy” and a consensus price target of $30.40.

Shares of Gardner Denver (NYSE GDI) traded down $0.33 during trading hours on Friday, reaching $32.08. 2,144,255 shares of the company traded hands, compared to its average volume of 922,897. Gardner Denver has a twelve month low of $19.91 and a twelve month high of $32.75. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.51 and a quick ratio of 1.60.

In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $26.43, for a total value of $667,380,758.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

A number of institutional investors have recently added to or reduced their stakes in GDI. Artisan Partners Limited Partnership bought a new position in shares of Gardner Denver during the third quarter worth approximately $136,195,000. Alliancebernstein L.P. bought a new position in shares of Gardner Denver during the second quarter worth approximately $83,015,000. Neuberger Berman Group LLC bought a new position in shares of Gardner Denver during the second quarter worth approximately $66,221,000. Vanguard Group Inc. bought a new position in shares of Gardner Denver during the second quarter worth approximately $61,434,000. Finally, Jennison Associates LLC bought a new position in shares of Gardner Denver during the second quarter worth approximately $49,247,000.

TRADEMARK VIOLATION NOTICE: “Gardner Denver (GDI) Upgraded at Zacks Investment Research” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/01/gardner-denver-gdi-upgraded-at-zacks-investment-research.html.

About Gardner Denver

Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.

Get a free copy of the Zacks research report on Gardner Denver (GDI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Gardner Denver (NYSE:GDI)

Receive News & Ratings for Gardner Denver Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gardner Denver Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.