Gardner Denver Holdings Inc (NYSE:GDI) has earned a consensus rating of “Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $32.40.
Several research analysts have recently issued reports on GDI shares. ValuEngine raised Gardner Denver from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $38.00 target price on shares of Gardner Denver in a research report on Friday, August 3rd. Morgan Stanley started coverage on Gardner Denver in a research report on Monday, August 20th. They issued an “equal weight” rating and a $30.00 target price for the company. Barclays reissued a “hold” rating and issued a $31.00 target price on shares of Gardner Denver in a research report on Friday, September 7th. Finally, Zacks Investment Research lowered Gardner Denver from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd.
In related news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $25.66, for a total value of $513,200,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Zions Bancorporation boosted its stake in Gardner Denver by 154.5% during the 3rd quarter. Zions Bancorporation now owns 3,659 shares of the company’s stock valued at $104,000 after purchasing an additional 2,221 shares during the last quarter. Bank of Montreal Can purchased a new stake in Gardner Denver during the 2nd quarter valued at $107,000. Tower Research Capital LLC TRC purchased a new stake in Gardner Denver during the 3rd quarter valued at $130,000. Riverhead Capital Management LLC boosted its stake in Gardner Denver by 114.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,443 shares of the company’s stock valued at $189,000 after purchasing an additional 3,443 shares during the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in Gardner Denver during the 3rd quarter valued at $204,000. Institutional investors own 98.56% of the company’s stock.
Shares of NYSE:GDI traded up $0.50 during trading on Thursday, hitting $24.75. The stock had a trading volume of 953,783 shares, compared to its average volume of 2,429,538. Gardner Denver has a 12 month low of $23.33 and a 12 month high of $38.00. The firm has a market capitalization of $4.82 billion, a P/E ratio of 247.50 and a beta of 1.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.46 and a current ratio of 2.40.
Gardner Denver (NYSE:GDI) last announced its earnings results on Friday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Gardner Denver had a return on equity of 22.72% and a net margin of 12.06%. The firm had revenue of $689.30 million during the quarter, compared to analyst estimates of $707.78 million. On average, equities analysts forecast that Gardner Denver will post 1.31 EPS for the current fiscal year.
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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