Barclays Begins Coverage on Gardner Denver (GDI)

Barclays began coverage on shares of Gardner Denver (NYSE:GDI) in a research report report published on Thursday, Marketbeat.com reports. The brokerage issued an equal weight rating and a $35.00 price target on the stock.

A number of other equities research analysts also recently commented on the company. Stifel Nicolaus raised their target price on Gardner Denver from $30.00 to $34.00 and gave the company a buy rating in a report on Friday, October 27th. Zacks Investment Research raised Gardner Denver from a sell rating to a buy rating and set a $38.00 target price for the company in a report on Tuesday, December 26th. Citigroup raised their target price on Gardner Denver to $36.00 and gave the company a buy rating in a report on Friday, December 15th. Tigress Financial reissued a buy rating on shares of Gardner Denver in a report on Monday, December 18th. Finally, UBS Group raised their target price on Gardner Denver from $28.00 to $33.00 and gave the company a buy rating in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $33.25.

Shares of Gardner Denver (NYSE GDI) opened at $32.85 on Thursday. Gardner Denver has a fifty-two week low of $19.91 and a fifty-two week high of $38.00. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 1.58.

In other news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of Gardner Denver stock in a transaction on Monday, November 20th. The stock was sold at an average price of $26.43, for a total transaction of $667,380,758.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

A number of hedge funds have recently made changes to their positions in GDI. Schwab Charles Investment Management Inc. acquired a new position in Gardner Denver in the 2nd quarter valued at about $3,491,000. Ameriprise Financial Inc. acquired a new position in Gardner Denver in the 2nd quarter valued at about $335,000. New York State Common Retirement Fund acquired a new position in Gardner Denver in the 2nd quarter valued at about $1,964,000. Northern Trust Corp acquired a new position in Gardner Denver in the 2nd quarter valued at about $3,602,000. Finally, Vanguard Group Inc. acquired a new position in Gardner Denver in the 2nd quarter valued at about $61,434,000.

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Gardner Denver Company Profile

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.

Analyst Recommendations for Gardner Denver (NYSE:GDI)

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