Gardner Denver (GDI) PT Raised to $36.00 at Citigroup
Gardner Denver (NYSE:GDI) had its target price lifted by research analysts at Citigroup to $36.00 in a research note issued on Friday, The Fly reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 13.60% from the stock’s previous close.
GDI has been the topic of several other research reports. Zacks Investment Research upgraded shares of Gardner Denver from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Tuesday, October 3rd. Stifel Nicolaus boosted their price objective on shares of Gardner Denver from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Simmons reiterated an “overweight” rating and issued a $31.00 price objective on shares of Gardner Denver in a report on Tuesday, September 26th. UBS boosted their price objective on shares of Gardner Denver from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $30.00 price objective on shares of Gardner Denver in a report on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $30.60.
Gardner Denver (GDI) opened at $31.69 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.60 and a debt-to-equity ratio of 1.58. Gardner Denver has a 1-year low of $19.91 and a 1-year high of $32.75.
In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $26.43, for a total value of $667,380,758.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.37% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Teachers Advisors LLC acquired a new stake in shares of Gardner Denver in the 2nd quarter valued at about $47,611,000. Peregrine Capital Management LLC acquired a new stake in shares of Gardner Denver in the 2nd quarter valued at about $15,938,000. American Century Companies Inc. acquired a new stake in shares of Gardner Denver in the 2nd quarter valued at about $12,492,000. Nationwide Fund Advisors acquired a new stake in shares of Gardner Denver in the 2nd quarter valued at about $2,122,000. Finally, Boston Partners acquired a new stake in shares of Gardner Denver in the 3rd quarter valued at about $26,365,000.
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Gardner Denver Company Profile
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.
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