Shares of Gardner Denver Holdings Inc (NYSE:GDI) have been given an average recommendation of “Buy” by the fifteen research firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $30.42.
A number of brokerages have commented on GDI. Zacks Investment Research raised shares of Gardner Denver from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Monday, April 1st. ValuEngine raised shares of Gardner Denver from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price target on shares of Gardner Denver in a research note on Wednesday, February 20th. Piper Jaffray Companies reissued a “buy” rating and issued a $34.00 price target on shares of Gardner Denver in a research note on Wednesday, February 20th. Finally, Robert W. Baird reissued a “buy” rating and issued a $32.00 price target on shares of Gardner Denver in a research note on Wednesday, February 20th.
Institutional investors have recently added to or reduced their stakes in the company. Palisade Asset Management LLC purchased a new stake in Gardner Denver during the 1st quarter worth approximately $634,000. LGT Capital Partners LTD. increased its stake in Gardner Denver by 42.6% during the 1st quarter. LGT Capital Partners LTD. now owns 87,000 shares of the company’s stock worth $2,419,000 after buying an additional 26,000 shares during the period. Deutsche Bank AG increased its stake in Gardner Denver by 48.0% during the 4th quarter. Deutsche Bank AG now owns 15,151 shares of the company’s stock worth $307,000 after buying an additional 4,916 shares during the period. MUFG Securities EMEA plc purchased a new stake in Gardner Denver during the 4th quarter worth approximately $861,000. Finally, Geode Capital Management LLC increased its stake in Gardner Denver by 24.0% during the 4th quarter. Geode Capital Management LLC now owns 1,190,326 shares of the company’s stock worth $24,342,000 after buying an additional 230,081 shares during the period. 98.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of GDI stock opened at $27.42 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.35 and a debt-to-equity ratio of 0.99. Gardner Denver has a 12 month low of $18.70 and a 12 month high of $35.28. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 21.26 and a beta of 1.60.
Gardner Denver (NYSE:GDI) last issued its earnings results on Tuesday, February 19th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. Gardner Denver had a net margin of 10.02% and a return on equity of 18.95%. The company had revenue of $712.70 million for the quarter, compared to the consensus estimate of $726.41 million. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts anticipate that Gardner Denver will post 1.32 EPS for the current fiscal year.
About Gardner Denver
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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