Gardner Denver Holdings, Inc. (NYSE:GDI) saw unusually-strong trading volume on Friday after Citigroup raised their price target on the stock from $32.00 to $34.00. Citigroup currently has a buy rating on the stock. Approximately 890,000 shares were traded during trading, an increase of 58% from the previous session’s volume of 563,083 shares.The stock last traded at $30.06 and had previously closed at $29.10.
GDI has been the topic of several other research reports. Stifel Nicolaus reissued a “buy” rating and set a $28.00 target price on shares of Gardner Denver Holdings in a research note on Thursday, September 7th. Wolfe Research started coverage on Gardner Denver Holdings in a research note on Tuesday, July 11th. They set an “outperform” rating and a $26.00 target price on the stock. Zacks Investment Research downgraded Gardner Denver Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Robert W. Baird reissued a “buy” rating and set a $30.00 target price on shares of Gardner Denver Holdings in a research note on Wednesday, October 4th. Finally, Piper Jaffray Companies set a $27.00 target price on Gardner Denver Holdings and gave the company a “buy” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $29.50.
Large investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new stake in Gardner Denver Holdings in the 2nd quarter worth approximately $201,000. Pacad Investment Ltd. bought a new position in shares of Gardner Denver Holdings during the 2nd quarter valued at approximately $211,000. CNH Partners LLC bought a new position in shares of Gardner Denver Holdings during the 2nd quarter valued at approximately $216,000. NGAM Advisors L.P. bought a new position in shares of Gardner Denver Holdings during the 2nd quarter valued at approximately $302,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Gardner Denver Holdings during the 2nd quarter valued at approximately $335,000. 98.89% of the stock is currently owned by institutional investors and hedge funds.
The firm’s 50-day moving average is $26.15 and its 200-day moving average is $23.69. The company’s market cap is $5.95 billion.
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About Gardner Denver Holdings
Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.
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