UBS Group Initiates Coverage on Gardner Denver (GDI)
Stock analysts at UBS Group began coverage on shares of Gardner Denver (NYSE:GDI) in a report released on Tuesday, www.briefing.com reports. The firm set a “buy” rating on the stock.
Other equities analysts have also issued reports about the stock. Citigroup restated a “buy” rating and issued a $32.00 price objective (up from $28.00) on shares of Gardner Denver in a report on Monday, October 9th. Robert W. Baird restated a “buy” rating and issued a $30.00 price objective on shares of Gardner Denver in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Gardner Denver from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Tuesday, October 3rd. Stifel Nicolaus boosted their price objective on shares of Gardner Denver from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Tigress Financial restated a “buy” rating on shares of Gardner Denver in a report on Monday, December 18th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $31.70.
Gardner Denver (NYSE GDI) opened at $36.19 on Tuesday. Gardner Denver has a 1-year low of $19.91 and a 1-year high of $36.24. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.51 and a quick ratio of 1.60.
In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $667,380,758.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of institutional investors and hedge funds have recently made changes to their positions in GDI. Artisan Partners Limited Partnership purchased a new stake in Gardner Denver during the 3rd quarter valued at $136,195,000. Vanguard Group Inc. purchased a new stake in Gardner Denver during the 2nd quarter valued at $61,434,000. TPG Group Holdings SBS Advisors Inc. purchased a new stake in Gardner Denver during the 2nd quarter valued at $32,357,000. Boston Partners purchased a new stake in Gardner Denver during the 3rd quarter valued at $26,365,000. Finally, Royal Bank of Canada purchased a new stake in Gardner Denver during the 2nd quarter valued at $13,275,000.
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.
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