ValuEngine upgraded shares of Gardner Denver (NYSE:GDI) from a sell rating to a hold rating in a report published on Monday, February 4th.
A number of other brokerages have also recently commented on GDI. BTIG Research initiated coverage on Gardner Denver in a report on Friday, January 25th. They set a buy rating and a $30.00 target price on the stock. Zacks Investment Research cut Gardner Denver from a hold rating to a sell rating in a report on Monday, January 21st. Piper Jaffray Companies set a $29.00 target price on Gardner Denver and gave the company a buy rating in a report on Wednesday, December 26th. Stifel Nicolaus cut Gardner Denver from a buy rating to a hold rating and lowered their target price for the company from $32.00 to $24.00 in a report on Wednesday, December 19th. Finally, Barclays lowered their target price on Gardner Denver from $27.00 to $25.00 and set an equal weight rating on the stock in a report on Monday, December 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Gardner Denver has an average rating of Hold and a consensus target price of $30.77.
Shares of GDI traded up $0.49 on Monday, reaching $27.34. The stock had a trading volume of 1,068,632 shares, compared to its average volume of 1,573,684. The stock has a market cap of $5.31 billion, a P/E ratio of 21.19 and a beta of 1.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.40 and a quick ratio of 1.46. Gardner Denver has a twelve month low of $18.70 and a twelve month high of $35.28.
Gardner Denver (NYSE:GDI) last released its quarterly earnings results on Tuesday, February 19th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The business had revenue of $712.70 million for the quarter, compared to analysts’ expectations of $726.41 million. Gardner Denver had a return on equity of 19.22% and a net margin of 10.02%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Research analysts expect that Gardner Denver will post 1.32 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of GDI. Legal & General Group Plc lifted its stake in shares of Gardner Denver by 14.5% during the 2nd quarter. Legal & General Group Plc now owns 40,568 shares of the company’s stock worth $1,192,000 after purchasing an additional 5,136 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Gardner Denver by 17.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 360,345 shares of the company’s stock worth $10,591,000 after purchasing an additional 52,237 shares during the period. Bank of America Corp DE lifted its stake in shares of Gardner Denver by 144.2% during the 2nd quarter. Bank of America Corp DE now owns 416,970 shares of the company’s stock worth $12,254,000 after purchasing an additional 246,211 shares during the period. California Public Employees Retirement System lifted its stake in shares of Gardner Denver by 23.3% during the 2nd quarter. California Public Employees Retirement System now owns 63,104 shares of the company’s stock worth $1,855,000 after purchasing an additional 11,904 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Gardner Denver by 36.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 42,714 shares of the company’s stock worth $1,255,000 after purchasing an additional 11,343 shares during the period. 99.97% of the stock is currently owned by institutional investors.
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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