Gardner Denver (NYSE:GDI) Upgraded at CIBC

Gardner Denver (NYSE:GDI) was upgraded by investment analysts at CIBC from a “neutral” rating to an “outperform” rating in a research report issued on Friday, Stock Target Advisor reports. The firm presently has a $35.00 price target on the stock, up from their previous price target of $31.00. CIBC’s target price points to a potential upside of 3.77% from the company’s current price.

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GDI has been the subject of a number of other reports. ValuEngine raised Gardner Denver from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 30th. Zacks Investment Research raised Gardner Denver from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Morgan Stanley cut their price objective on Gardner Denver from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Barclays reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Gardner Denver in a research report on Wednesday, September 4th. Finally, TheStreet cut Gardner Denver from a “b-” rating to a “c” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.17.

Shares of GDI traded up $0.49 during mid-day trading on Friday, reaching $33.73. The company’s stock had a trading volume of 884,750 shares, compared to its average volume of 1,586,523. Gardner Denver has a 1-year low of $18.70 and a 1-year high of $36.22. The stock has a market cap of $6.72 billion, a P/E ratio of 26.15 and a beta of 1.45. The business has a 50-day simple moving average of $30.28 and a two-hundred day simple moving average of $31.77. The company has a current ratio of 2.51, a quick ratio of 1.60 and a debt-to-equity ratio of 0.89.

A number of large investors have recently added to or reduced their stakes in GDI. First Trust Advisors LP lifted its holdings in Gardner Denver by 64.8% during the 1st quarter. First Trust Advisors LP now owns 183,774 shares of the company’s stock worth $5,111,000 after purchasing an additional 72,238 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Gardner Denver during the 1st quarter worth approximately $14,879,000. Douglas Lane & Associates LLC acquired a new stake in Gardner Denver during the 2nd quarter worth approximately $7,279,000. LGT Capital Partners LTD. lifted its holdings in Gardner Denver by 1.1% during the 2nd quarter. LGT Capital Partners LTD. now owns 88,000 shares of the company’s stock worth $3,045,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Machina Capital S.A.S. lifted its holdings in Gardner Denver by 270.1% during the 2nd quarter. Machina Capital S.A.S. now owns 5,315 shares of the company’s stock worth $184,000 after purchasing an additional 3,879 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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Stock Target Advisor

Analyst Recommendations for Gardner Denver (NYSE:GDI)

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