Gardner Denver Holdings Inc (NYSE:GDI) was down 1.3% during mid-day trading on Friday . The company traded as low as $32.88 and last traded at $33.03. Approximately 17,218 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 1,477,610 shares. The stock had previously closed at $33.48.
A number of brokerages have recently commented on GDI. Credit Suisse Group raised their price target on Gardner Denver from $31.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Piper Jaffray Companies reissued a “buy” rating and set a $34.00 price target on shares of Gardner Denver in a report on Wednesday, February 20th. ValuEngine lowered Gardner Denver from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Robert W. Baird reissued a “buy” rating and set a $32.00 price target on shares of Gardner Denver in a report on Wednesday, February 20th. Finally, UBS Group lowered Gardner Denver from a “buy” rating to a “neutral” rating and raised their price target for the company from $31.00 to $38.00 in a report on Tuesday, May 7th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Gardner Denver has an average rating of “Buy” and an average target price of $31.56.
The firm has a market capitalization of $6.68 billion, a PE ratio of 25.93 and a beta of 1.52. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.27 and a quick ratio of 1.37.
Gardner Denver (NYSE:GDI) last released its earnings results on Tuesday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.18. The firm had revenue of $620.30 million for the quarter, compared to analyst estimates of $600.92 million. Gardner Denver had a return on equity of 16.60% and a net margin of 10.19%. Gardner Denver’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, research analysts predict that Gardner Denver Holdings Inc will post 1.26 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in GDI. Laurel Wealth Advisors LLC purchased a new position in Gardner Denver in the 4th quarter worth about $47,000. American International Group Inc. increased its stake in Gardner Denver by 19.4% in the 4th quarter. American International Group Inc. now owns 2,553 shares of the company’s stock worth $52,000 after purchasing an additional 414 shares in the last quarter. Quantamental Technologies LLC increased its stake in Gardner Denver by 224.9% in the 1st quarter. Quantamental Technologies LLC now owns 2,599 shares of the company’s stock worth $72,000 after purchasing an additional 1,799 shares in the last quarter. Cresset Asset Management LLC purchased a new position in Gardner Denver in the 1st quarter worth about $79,000. Finally, Public Employees Retirement Association of Colorado increased its stake in Gardner Denver by 17.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 4,611 shares of the company’s stock worth $94,000 after purchasing an additional 688 shares in the last quarter. 98.69% of the stock is currently owned by hedge funds and other institutional investors.
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About Gardner Denver (NYSE:GDI)
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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