Gardner Denver (NYSE:GDI) Given New $37.00 Price Target at Morgan Stanley

Gardner Denver (NYSE:GDI) had its target price reduced by Morgan Stanley from $40.00 to $37.00 in a report released on Friday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the stock.

GDI has been the subject of a number of other research reports. Stifel Nicolaus decreased their price target on shares of Gardner Denver from $35.00 to $33.00 and set a hold rating for the company in a research note on Monday, July 15th. TheStreet upgraded shares of Gardner Denver from a c rating to a b- rating in a research note on Monday, May 13th. UBS Group downgraded shares of Gardner Denver from a buy rating to a neutral rating and lifted their price target for the stock from $31.00 to $38.00 in a research note on Tuesday, May 7th. CIBC reiterated a hold rating and issued a $28.00 price target on shares of Gardner Denver in a research note on Wednesday, May 15th. Finally, ValuEngine upgraded shares of Gardner Denver from a hold rating to a buy rating in a research note on Tuesday, July 2nd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Gardner Denver has a consensus rating of Buy and a consensus price target of $32.29.

Shares of GDI stock traded down $0.83 during trading on Friday, reaching $30.22. The company’s stock had a trading volume of 55,553 shares, compared to its average volume of 1,523,533. The company has a quick ratio of 1.37, a current ratio of 2.27 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6.27 billion, a P/E ratio of 23.46 and a beta of 1.36. The company has a 50-day simple moving average of $33.63. Gardner Denver has a 1-year low of $18.70 and a 1-year high of $36.22.

Gardner Denver (NYSE:GDI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. The firm had revenue of $629.10 million during the quarter, compared to analysts’ expectations of $634.46 million. Gardner Denver had a net margin of 9.76% and a return on equity of 15.41%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. Sell-side analysts anticipate that Gardner Denver will post 1.2 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of GDI. Envestnet Asset Management Inc. lifted its position in shares of Gardner Denver by 0.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 114,007 shares of the company’s stock worth $3,945,000 after buying an additional 341 shares during the last quarter. American International Group Inc. boosted its position in shares of Gardner Denver by 19.4% in the 4th quarter. American International Group Inc. now owns 2,553 shares of the company’s stock worth $52,000 after buying an additional 414 shares in the last quarter. Comerica Bank boosted its position in shares of Gardner Denver by 6.2% in the 1st quarter. Comerica Bank now owns 9,652 shares of the company’s stock worth $270,000 after buying an additional 563 shares in the last quarter. Boston Partners boosted its position in shares of Gardner Denver by 2.5% in the 1st quarter. Boston Partners now owns 31,183 shares of the company’s stock worth $867,000 after buying an additional 763 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Gardner Denver by 19.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,285 shares of the company’s stock worth $108,000 after buying an additional 843 shares in the last quarter. Institutional investors own 98.86% of the company’s stock.

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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