CIBC upgraded shares of Gardner Denver (NYSE:GDI) from a neutral rating to an outperform rating in a report published on Friday, Stock Target Advisor reports. CIBC currently has $35.00 price target on the stock, up from their prior price target of $31.00.
A number of other analysts also recently issued reports on GDI. Barclays restated a hold rating and issued a $30.00 price target on shares of Gardner Denver in a research report on Wednesday, September 4th. Morgan Stanley lowered their price target on Gardner Denver from $37.00 to $35.00 and set an overweight rating for the company in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Gardner Denver from a sell rating to a hold rating in a research report on Tuesday, October 29th. TheStreet downgraded Gardner Denver from a b- rating to a c rating in a research report on Friday, August 23rd. Finally, Credit Suisse Group downgraded Gardner Denver from an outperform rating to a neutral rating and raised their price target for the stock from $30.00 to $32.00 in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $32.17.
GDI traded up $0.49 during trading on Friday, reaching $33.73. The company had a trading volume of 884,750 shares, compared to its average volume of 1,586,523. The stock has a market cap of $6.72 billion, a P/E ratio of 26.15 and a beta of 1.45. The business has a 50 day simple moving average of $30.28 and a 200-day simple moving average of $31.77. Gardner Denver has a 52 week low of $18.70 and a 52 week high of $36.22. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 0.89.
Several large investors have recently added to or reduced their stakes in GDI. Capital Investment Advisory Services LLC bought a new stake in shares of Gardner Denver during the second quarter worth $33,000. Quest Capital Management Inc. ADV bought a new stake in shares of Gardner Denver during the third quarter worth $34,000. NumerixS Investment Technologies Inc bought a new stake in shares of Gardner Denver during the second quarter worth $45,000. Aperio Group LLC purchased a new position in shares of Gardner Denver during the second quarter valued at $115,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Gardner Denver during the second quarter valued at $138,000.
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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