Gardner Denver’s (GDI) Buy Rating Reiterated at Piper Jaffray Companies

Piper Jaffray Companies restated their buy rating on shares of Gardner Denver (NYSE:GDI) in a research report sent to investors on Monday morning. The firm currently has a $32.00 target price on the stock.

Several other analysts have also issued reports on GDI. MED initiated coverage on shares of Gardner Denver in a research note on Wednesday, July 11th. They issued a buy rating and a $36.00 target price for the company. Deutsche Bank reiterated a hold rating and issued a $32.00 target price on shares of Gardner Denver in a research note on Thursday, July 12th. Zacks Investment Research lowered shares of Gardner Denver from a hold rating to a sell rating in a research note on Wednesday, July 18th. ValuEngine lowered shares of Gardner Denver from a hold rating to a sell rating in a research note on Tuesday, July 24th. Finally, Morgan Stanley initiated coverage on shares of Gardner Denver in a research note on Monday, August 20th. They issued an equal weight rating and a $30.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Gardner Denver currently has a consensus rating of Buy and a consensus target price of $34.82.

NYSE GDI opened at $25.80 on Monday. Gardner Denver has a 1 year low of $23.33 and a 1 year high of $38.00. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.40 and a quick ratio of 1.56. The firm has a market capitalization of $5.29 billion, a PE ratio of 258.00 and a beta of 1.23.

Gardner Denver (NYSE:GDI) last posted its earnings results on Friday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Gardner Denver had a net margin of 12.06% and a return on equity of 22.72%. The firm had revenue of $689.30 million during the quarter, compared to analyst estimates of $707.78 million. Analysts forecast that Gardner Denver will post 1.37 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Gardner Denver by 103.4% in the 2nd quarter. FMR LLC now owns 13,576,681 shares of the company’s stock worth $399,019,000 after buying an additional 6,901,523 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Gardner Denver by 33.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 9,281,012 shares of the company’s stock worth $272,769,000 after buying an additional 2,313,078 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Gardner Denver by 27.6% in the 2nd quarter. BlackRock Inc. now owns 3,640,909 shares of the company’s stock worth $107,008,000 after buying an additional 787,334 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Gardner Denver by 133.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,734,973 shares of the company’s stock worth $80,380,000 after buying an additional 1,564,257 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Gardner Denver by 66.7% in the 2nd quarter. Wells Fargo & Company MN now owns 2,173,099 shares of the company’s stock worth $63,868,000 after buying an additional 869,139 shares during the last quarter.

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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Analyst Recommendations for Gardner Denver (NYSE:GDI)

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