Gardner Denver (GDI) Downgraded to Sell at ValuEngine

ValuEngine lowered shares of Gardner Denver (NYSE:GDI) from a hold rating to a sell rating in a report issued on Monday morning.

A number of other research analysts have also commented on GDI. Citigroup raised their price objective on shares of Gardner Denver to $36.00 and gave the company a buy rating in a research note on Friday, December 15th. Tigress Financial reiterated a buy rating on shares of Gardner Denver in a research note on Monday, December 18th. Zacks Investment Research upgraded shares of Gardner Denver from a sell rating to a hold rating in a research note on Monday, December 18th. Stifel Nicolaus reiterated a buy rating and set a $41.00 price objective (up previously from $36.00) on shares of Gardner Denver in a research note on Tuesday, January 16th. Finally, UBS started coverage on shares of Gardner Denver in a research note on Tuesday, January 23rd. They set a buy rating and a $42.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Gardner Denver currently has a consensus rating of Buy and a consensus price target of $32.83.

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Shares of NYSE GDI traded down $0.75 during mid-day trading on Monday, reaching $30.06. 316,045 shares of the company traded hands, compared to its average volume of 708,369. Gardner Denver has a fifty-two week low of $19.91 and a fifty-two week high of $38.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.61 and a quick ratio of 1.72. The firm has a market capitalization of $5,848.24 and a PE ratio of 308.10.

Gardner Denver (NYSE:GDI) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.28. The company had revenue of $665.00 million for the quarter, compared to analyst estimates of $654.94 million. sell-side analysts anticipate that Gardner Denver will post 1.26 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co. NY grew its position in Gardner Denver by 50.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,850 shares of the company’s stock worth $165,000 after buying an additional 1,620 shares during the last quarter. California Public Employees Retirement System grew its position in Gardner Denver by 11.0% in the fourth quarter. California Public Employees Retirement System now owns 22,200 shares of the company’s stock worth $753,000 after buying an additional 2,200 shares during the last quarter. State of Wisconsin Investment Board grew its position in Gardner Denver by 52.7% in the fourth quarter. State of Wisconsin Investment Board now owns 13,387 shares of the company’s stock worth $454,000 after buying an additional 4,618 shares during the last quarter. Amalgamated Bank grew its position in Gardner Denver by 60.0% in the fourth quarter. Amalgamated Bank now owns 12,984 shares of the company’s stock worth $441,000 after buying an additional 4,867 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Gardner Denver in the fourth quarter worth approximately $171,000.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Gardner Denver (NYSE:GDI)

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