Gardner Denver (GDI) Upgraded to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Gardner Denver (NYSE:GDI) from an equal weight rating to an overweight rating in a report published on Friday morning, Marketbeat Ratings reports.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus restated a buy rating and issued a $32.00 target price on shares of Gardner Denver in a report on Monday, October 29th. Piper Jaffray Companies restated a buy rating and issued a $32.00 target price on shares of Gardner Denver in a report on Monday, October 29th. ValuEngine upgraded shares of Gardner Denver from a sell rating to a hold rating in a report on Tuesday, July 31st. Zacks Investment Research cut shares of Gardner Denver from a hold rating to a sell rating in a report on Wednesday, July 18th. Finally, Deutsche Bank restated a hold rating and issued a $32.00 target price on shares of Gardner Denver in a report on Thursday, July 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $33.92.

Shares of Gardner Denver stock traded down $0.56 on Friday, hitting $26.55. The stock had a trading volume of 3,314,908 shares, compared to its average volume of 2,168,559. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.46 and a current ratio of 2.40. Gardner Denver has a one year low of $23.33 and a one year high of $38.00. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 265.50 and a beta of 1.03.

Gardner Denver (NYSE:GDI) last issued its earnings results on Friday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Gardner Denver had a net margin of 12.06% and a return on equity of 22.72%. The firm had revenue of $689.30 million for the quarter, compared to analysts’ expectations of $707.78 million. As a group, equities research analysts forecast that Gardner Denver will post 1.31 earnings per share for the current fiscal year.

In related news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $25.66, for a total value of $513,200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its position in Gardner Denver by 103.4% during the second quarter. FMR LLC now owns 13,576,681 shares of the company’s stock valued at $399,019,000 after buying an additional 6,901,523 shares during the period. Artisan Partners Limited Partnership lifted its position in Gardner Denver by 33.2% during the second quarter. Artisan Partners Limited Partnership now owns 9,281,012 shares of the company’s stock valued at $272,769,000 after buying an additional 2,313,078 shares during the period. BlackRock Inc. lifted its position in Gardner Denver by 16.4% during the third quarter. BlackRock Inc. now owns 4,238,024 shares of the company’s stock valued at $120,107,000 after buying an additional 597,115 shares during the period. OppenheimerFunds Inc. lifted its position in Gardner Denver by 133.6% during the second quarter. OppenheimerFunds Inc. now owns 2,734,973 shares of the company’s stock valued at $80,380,000 after buying an additional 1,564,257 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Gardner Denver by 10.2% during the third quarter. Wells Fargo & Company MN now owns 2,394,543 shares of the company’s stock valued at $67,862,000 after buying an additional 221,444 shares during the period.

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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Analyst Recommendations for Gardner Denver (NYSE:GDI)

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