Gardner Denver (GDI) Rating Increased to Conviction-Buy at Goldman Sachs Group

Goldman Sachs Group upgraded shares of Gardner Denver (NYSE:GDI) from a buy rating to a conviction-buy rating in a research note published on Wednesday morning, MarketBeat.com reports. Goldman Sachs Group currently has $34.00 target price on the stock.

GDI has been the subject of a number of other reports. MED started coverage on Gardner Denver in a report on Wednesday, July 11th. They set a buy rating and a $36.00 target price for the company. Deutsche Bank restated a hold rating and set a $32.00 target price on shares of Gardner Denver in a report on Thursday, July 12th. Zacks Investment Research cut Gardner Denver from a hold rating to a sell rating in a report on Wednesday, July 18th. ValuEngine cut Gardner Denver from a hold rating to a sell rating in a report on Tuesday, July 24th. Finally, Piper Jaffray Companies restated a buy rating and set a $38.00 target price on shares of Gardner Denver in a report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Gardner Denver currently has a consensus rating of Buy and an average target price of $34.82.

Shares of NYSE:GDI traded up $0.05 during midday trading on Wednesday, reaching $25.85. 2,608,489 shares of the company’s stock were exchanged, compared to its average volume of 1,823,200. The company has a current ratio of 2.40, a quick ratio of 1.56 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 15.21 and a beta of 1.03. Gardner Denver has a fifty-two week low of $23.33 and a fifty-two week high of $38.00.

Gardner Denver (NYSE:GDI) last issued its quarterly earnings data on Friday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $689.30 million during the quarter, compared to the consensus estimate of $707.78 million. Gardner Denver had a return on equity of 22.72% and a net margin of 12.06%. As a group, equities research analysts predict that Gardner Denver will post 1.31 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its stake in shares of Gardner Denver by 28.6% in the 1st quarter. Northern Trust Corp now owns 374,084 shares of the company’s stock valued at $11,476,000 after buying an additional 83,102 shares during the period. California Public Employees Retirement System boosted its stake in shares of Gardner Denver by 130.6% in the 1st quarter. California Public Employees Retirement System now owns 51,200 shares of the company’s stock valued at $1,571,000 after buying an additional 29,000 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Gardner Denver in the 1st quarter valued at about $9,453,000. The Manufacturers Life Insurance Company boosted its stake in shares of Gardner Denver by 38.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 8,229 shares of the company’s stock valued at $253,000 after buying an additional 2,286 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Gardner Denver by 9.9% in the 1st quarter. California State Teachers Retirement System now owns 113,158 shares of the company’s stock valued at $3,472,000 after buying an additional 10,176 shares during the period.

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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Analyst Recommendations for Gardner Denver (NYSE:GDI)

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