Zacks Investment Research upgraded shares of Gardner Denver (NYSE:GDI) from a hold rating to a buy rating in a research report released on Wednesday. They currently have $36.00 price target on the stock.

According to Zacks, “Gardner Denver Holdings, Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services. Its products and services consist of compressor, pump, vacuum and blower. Gardner Denver Holdings, Inc. is based in Milwaukee, United States. “

A number of other research analysts also recently issued reports on GDI. Stifel Nicolaus reiterated a buy rating and set a $41.00 price objective (up from $36.00) on shares of Gardner Denver in a research note on Tuesday, January 16th. UBS started coverage on Gardner Denver in a research note on Tuesday, January 23rd. They set a buy rating and a $42.00 price objective for the company. Johnson Rice started coverage on Gardner Denver in a research note on Tuesday, January 30th. They set an accumulate rating and a $40.00 price objective for the company. Barclays started coverage on Gardner Denver in a research note on Thursday, February 15th. They set an equal weight rating and a $35.00 price objective for the company. Finally, ValuEngine downgraded Gardner Denver from a hold rating to a sell rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $32.75.

Shares of NYSE:GDI opened at $32.17 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 2.61 and a debt-to-equity ratio of 1.37. Gardner Denver has a 12-month low of $19.91 and a 12-month high of $38.00.

Gardner Denver (NYSE:GDI) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.69 earnings per share (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 the consensus estimate of $654.94 million. sell-side analysts forecast that Gardner Denver will post 1.26 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of GDI. Millennium Management LLC lifted its holdings in Gardner Denver by 282.4% in the 4th quarter. Millennium Management LLC now owns 2,081,219 shares of the company’s stock worth $70,616,000 after purchasing an additional 1,536,932 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Gardner Denver by 49.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 4,163,266 shares of the company’s stock worth $141,260,000 after purchasing an additional 1,382,689 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Gardner Denver in the 4th quarter worth approximately $36,600,000. BlackRock Inc. lifted its holdings in Gardner Denver by 60.3% in the 4th quarter. BlackRock Inc. now owns 2,644,655 shares of the company’s stock worth $89,733,000 after purchasing an additional 994,732 shares in the last quarter. Finally, Encompass Capital Advisors LLC purchased a new position in Gardner Denver in the 4th quarter worth approximately $16,117,000.

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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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