Gardner Denver (GDI) Earns Equal Weight Rating from Analysts at Barclays

Barclays initiated coverage on shares of Gardner Denver (NYSE:GDI) in a research report released on Thursday, Marketbeat Ratings reports. The firm issued an equal weight rating and a $35.00 target price on the stock.

A number of other brokerages have also recently issued reports on GDI. Zacks Investment Research upgraded shares of Gardner Denver from a hold rating to a buy rating and set a $40.00 price objective for the company in a report on Friday, January 26th. Stifel Nicolaus upped their price objective on shares of Gardner Denver from $34.00 to $36.00 and gave the stock a buy rating in a report on Wednesday, November 22nd. Citigroup set a $34.00 price objective on shares of Gardner Denver and gave the stock a buy rating in a report on Friday, October 27th. Johnson Rice initiated coverage on shares of Gardner Denver in a report on Tuesday, January 30th. They issued an accumulate rating and a $40.00 price objective for the company. Finally, UBS Group upped their price objective on shares of Gardner Denver from $28.00 to $33.00 and gave the stock a buy rating in a report on Friday, October 27th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Gardner Denver presently has a consensus rating of Buy and a consensus price target of $33.25.

Shares of Gardner Denver (NYSE GDI) opened at $32.85 on Thursday. Gardner Denver has a fifty-two week low of $19.91 and a fifty-two week high of $38.00. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 1.58.

A number of hedge funds have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership bought a new stake in Gardner Denver during the third quarter valued at about $136,195,000. UBS Asset Management Americas Inc. boosted its holdings in Gardner Denver by 49.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 4,163,266 shares of the company’s stock valued at $141,260,000 after acquiring an additional 1,382,689 shares during the period. Alliancebernstein L.P. boosted its holdings in Gardner Denver by 1.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,766,718 shares of the company’s stock valued at $127,805,000 after acquiring an additional 36,868 shares during the period. Vanguard Group Inc. bought a new stake in Gardner Denver during the second quarter valued at about $61,434,000. Finally, BlackRock Inc. boosted its holdings in Gardner Denver by 60.3% during the fourth quarter. BlackRock Inc. now owns 2,644,655 shares of the company’s stock valued at $89,733,000 after acquiring an additional 994,732 shares during the period.

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About Gardner Denver

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.

Analyst Recommendations for Gardner Denver (NYSE:GDI)

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