Gardner Denver Holdings, Inc. (NYSE:GDI) has earned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $32.83.
A number of equities research analysts have commented on the company. ValuEngine cut Gardner Denver from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Barclays reissued an “equal weight” rating and set a $33.00 price target (down from $35.00) on shares of Gardner Denver in a report on Tuesday, February 20th. Stifel Nicolaus reissued a “buy” rating and set a $38.00 price target (down from $41.00) on shares of Gardner Denver in a report on Tuesday, February 20th. Zacks Investment Research raised Gardner Denver from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Thursday, February 8th. Finally, Johnson Rice assumed coverage on Gardner Denver in a report on Tuesday, January 30th. They issued an “accumulate” rating and a $40.00 target price on the stock.
Several hedge funds have recently modified their holdings of GDI. Nationwide Fund Advisors increased its holdings in shares of Gardner Denver by 17.1% in the third quarter. Nationwide Fund Advisors now owns 115,000 shares of the company’s stock worth $3,165,000 after purchasing an additional 16,800 shares during the last quarter. New York State Common Retirement Fund increased its stake in Gardner Denver by 140.9% during the third quarter. New York State Common Retirement Fund now owns 219,000 shares of the company’s stock worth $6,027,000 after acquiring an additional 128,100 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Gardner Denver by 8.2% during the third quarter. Bank of New York Mellon Corp now owns 128,970 shares of the company’s stock worth $3,550,000 after acquiring an additional 9,762 shares during the last quarter. Macquarie Group Ltd. increased its stake in Gardner Denver by 32.8% during the third quarter. Macquarie Group Ltd. now owns 77,370 shares of the company’s stock worth $2,129,000 after acquiring an additional 19,114 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Gardner Denver during the third quarter worth approximately $272,000.
NYSE:GDI traded down $0.98 on Wednesday, reaching $29.83. 847,407 shares of the company’s stock traded hands, compared to its average volume of 627,007. The company has a quick ratio of 1.72, a current ratio of 2.61 and a debt-to-equity ratio of 1.37. The stock has a market cap of $6,048.48 and a PE ratio of 298.30. Gardner Denver has a 12 month low of $19.91 and a 12 month high of $38.00.
Gardner Denver (NYSE:GDI) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.28. The business had revenue of $665.00 million for the quarter, compared to the consensus estimate of $654.94 million. sell-side analysts anticipate that Gardner Denver will post 1.26 earnings per share for the current fiscal year.
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Gardner Denver Company Profile
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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