Gardner Denver (GDI) PT Raised to $36.00 at Citigroup

Gardner Denver (NYSE:GDI) had its price objective increased by Citigroup to $36.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 13.60% from the company’s previous close.

Several other brokerages also recently issued reports on GDI. Zacks Investment Research raised Gardner Denver from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Stifel Nicolaus raised their price target on Gardner Denver from $34.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. UBS raised their price target on Gardner Denver from $28.00 to $33.00 and gave the company a “buy” rating in a report on Friday, October 27th. Robert W. Baird restated a “buy” rating and set a $30.00 price target on shares of Gardner Denver in a report on Wednesday, October 4th. Finally, Simmons restated an “overweight” rating and set a $31.00 price target on shares of Gardner Denver in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.60.

Shares of Gardner Denver (NYSE:GDI) opened at $31.69 on Friday. Gardner Denver has a 12 month low of $19.91 and a 12 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 news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of Gardner Denver stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $26.43, for a total value of $667,380,758.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company’s stock.

Several institutional investors have recently made changes to their positions in GDI. Advisor Group Inc. boosted its holdings in shares of 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 purchasing an additional 3,459 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Gardner Denver in the 2nd quarter worth approximately $201,000. Pacad Investment Ltd. purchased a new position in shares of Gardner Denver in the 2nd quarter worth approximately $211,000. CNH Partners LLC purchased a new position in shares of Gardner Denver in the 2nd quarter worth approximately $216,000. Finally, Amalgamated Bank purchased a new position in shares of Gardner Denver in the 3rd quarter worth approximately $223,000.

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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.

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