Gardner Denver Holdings, Inc. (GDI) Sees Strong Trading Volume on Analyst Upgrade

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.

TRADEMARK VIOLATION WARNING: “Gardner Denver Holdings, Inc. (GDI) Sees Strong Trading Volume on Analyst Upgrade” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/27/gardner-denver-holdings-inc-gdi-sees-strong-trading-volume-on-analyst-upgrade.html.

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.

Receive News & Ratings for Gardner Denver Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gardner Denver Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply