Shares of Gardner Denver Holdings, Inc. (NYSE:GDI) have been given a consensus recommendation of “Buy” by the ten research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $27.13.
A number of research analysts have recently commented on GDI shares. Wolfe Research started coverage on Gardner Denver Holdings in a research note on Tuesday, July 11th. They set an “outperform” rating and a $26.00 target price on the stock. Piper Jaffray Companies set a $27.00 target price on Gardner Denver Holdings and gave the company a “buy” rating in a research note on Tuesday, July 18th. Credit Suisse Group started coverage on Gardner Denver Holdings in a research note on Tuesday, June 6th. They set a “neutral” rating and a $27.00 target price on the stock. Goldman Sachs Group, Inc. (The) started coverage on Gardner Denver Holdings in a research note on Tuesday, June 6th. They set a “buy” rating and a $27.00 target price on the stock. Finally, William Blair initiated coverage on Gardner Denver Holdings in a research note on Tuesday, June 6th. They set an “outperform” rating on the stock.
Shares of Gardner Denver Holdings (GDI) traded up 1.23% during trading on Tuesday, reaching $22.98. The company’s stock had a trading volume of 572,279 shares. Gardner Denver Holdings has a 52-week low of $19.91 and a 52-week high of $24.55. The stock’s 50 day moving average price is $22.73 and its 200-day moving average price is $22.55. The stock’s market cap is $4.50 billion.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP purchased a new position in shares of Gardner Denver Holdings during the second quarter valued at about $201,000. Pacad Investment Ltd. purchased a new position in shares of Gardner Denver Holdings during the second quarter valued at about $211,000. CNH Partners LLC purchased a new position in shares of Gardner Denver Holdings during the second quarter valued at about $216,000. NGAM Advisors L.P. purchased a new position in shares of Gardner Denver Holdings during the second quarter valued at about $302,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Gardner Denver Holdings during the second quarter valued at about $335,000. 4.89% of the stock is currently owned by institutional investors.
About Gardner Denver Holdings
Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.
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