Gardner Denver Holdings Inc (GDI) Receives Average Rating of “Buy” from Analysts

Gardner Denver Holdings Inc (NYSE:GDI) has earned an average recommendation of “Buy” from the thirteen brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $33.09.

A number of brokerages recently weighed in on GDI. Zacks Investment Research cut shares of Gardner Denver from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Stifel Nicolaus upped their price target on shares of Gardner Denver from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Citigroup set a $34.00 price target on shares of Gardner Denver and gave the stock a “buy” rating in a research report on Friday, October 27th. Tigress Financial reaffirmed a “buy” rating on shares of Gardner Denver in a research report on Monday, December 18th. Finally, UBS Group began coverage on shares of Gardner Denver in a research report on Tuesday, January 23rd. They set a “buy” rating and a $42.00 price target for the company.

Shares of Gardner Denver (NYSE GDI) opened at $32.70 on Tuesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.51 and a quick ratio of 1.60. Gardner Denver has a 12-month low of $19.91 and a 12-month high of $38.00.

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.

Hedge funds have recently modified their holdings of the business. Advisor Group Inc. lifted its holdings in Gardner Denver by 145.5% in the 3rd quarter. Advisor Group Inc. now owns 5,837 shares of the company’s stock worth $160,000 after buying an additional 3,459 shares in the last quarter. SG Americas Securities LLC acquired a new position in Gardner Denver in the 4th quarter worth $171,000. State of Alaska Department of Revenue acquired a new position in Gardner Denver in the 4th quarter worth $176,000. Comerica Bank acquired a new stake in shares of Gardner Denver in the 4th quarter valued at about $208,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Gardner Denver in the 4th quarter valued at about $222,000.

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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.

Analyst Recommendations for Gardner Denver (NYSE:GDI)

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