Gardner Denver (NYSE:GDI)‘s stock had its “average” rating reiterated by stock analysts at TD Securities in a report released on Thursday. They currently have a $24.00 target price on the stock. TD Securities’ price target would suggest a potential downside of 9.60% from the stock’s current price.
A number of other analysts have also recently issued reports on the stock. Morgan Stanley started coverage on shares of Gardner Denver in a research note on Monday, August 20th. They issued an “equal weight” rating and a $30.00 price objective for the company. ValuEngine cut shares of Gardner Denver from a “hold” rating to a “sell” rating in a research note on Thursday, August 23rd. Barclays reissued a “hold” rating and issued a $31.00 price objective on shares of Gardner Denver in a research note on Friday, September 7th. Zacks Investment Research cut shares of Gardner Denver from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $32.00 price objective on shares of Gardner Denver in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $33.92.
Shares of NYSE GDI traded down $0.56 during midday trading on Thursday, reaching $26.55. The stock had a trading volume of 3,314,908 shares, compared to its average volume of 2,168,559. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.40 and a quick ratio of 1.46. The stock has a market cap of $5.55 billion, a PE ratio of 265.50 and a beta of 1.03. Gardner Denver has a 12-month low of $23.33 and a 12-month high of $38.00.
Gardner Denver (NYSE:GDI) last announced its quarterly earnings data on Friday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The firm had revenue of $689.30 million during the quarter, compared to analysts’ expectations of $707.78 million. Gardner Denver had a net margin of 12.06% and a return on equity of 22.72%. On average, research analysts expect that Gardner Denver will post 1.31 EPS for the current year.
In related news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $25.66, for a total transaction of $513,200,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.
Several large investors have recently modified their holdings of the business. Broadview Advisors LLC grew its stake in shares of Gardner Denver by 35.1% in the 3rd quarter. Broadview Advisors LLC now owns 270,050 shares of the company’s stock worth $7,653,000 after buying an additional 70,200 shares in the last quarter. BlackRock Inc. grew its stake in shares of Gardner Denver by 16.4% in the 3rd quarter. BlackRock Inc. now owns 4,238,024 shares of the company’s stock worth $120,107,000 after buying an additional 597,115 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Gardner Denver by 9.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 308,470 shares of the company’s stock worth $8,742,000 after buying an additional 26,955 shares in the last quarter. AXA purchased a new position in shares of Gardner Denver in the 3rd quarter worth $1,562,000. Finally, Jennison Associates LLC grew its stake in shares of Gardner Denver by 5.6% in the 3rd quarter. Jennison Associates LLC now owns 2,125,654 shares of the company’s stock worth $60,241,000 after buying an additional 112,984 shares in the last quarter.
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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