CIBC Upgrades Gardner Denver (NYSE:GDI) to “Outperform”

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

Other equities analysts have also issued research reports about the company. Stifel Nicolaus cut their target price on Gardner Denver from $35.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, July 15th. Zacks Investment Research raised Gardner Denver from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. TheStreet lowered Gardner Denver from a “b-” rating to a “c” rating in a research note on Friday, August 23rd. ValuEngine raised Gardner Denver from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley cut their target price on Gardner Denver from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $32.17.

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

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Several institutional investors have recently made changes to their positions in the business. GW&K Investment Management LLC increased its holdings in shares of Gardner Denver by 13.1% in the third quarter. GW&K Investment Management LLC now owns 1,177,131 shares of the company’s stock worth $33,301,000 after acquiring an additional 136,580 shares in the last quarter. Symmetry Partners LLC bought a new stake in shares of Gardner Denver in the third quarter worth about $278,000. Beutel Goodman & Co Ltd. increased its holdings in shares of Gardner Denver by 40.5% in the third quarter. Beutel Goodman & Co Ltd. now owns 4,222,051 shares of the company’s stock worth $13,898,000 after acquiring an additional 1,216,818 shares in the last quarter. Sciencast Management LP bought a new stake in shares of Gardner Denver in the third quarter worth about $422,000. Finally, California Public Employees Retirement System increased its holdings in shares of Gardner Denver by 41.5% in the third quarter. California Public Employees Retirement System now owns 243,325 shares of the company’s stock worth $6,884,000 after acquiring an additional 71,411 shares in the last quarter.

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.

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Analyst Recommendations for Gardner Denver (NYSE:GDI)

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