Gardner Denver (NYSE:GDI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $39.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.56% from the stock’s previous close.

According to Zacks, “Gardner Denver Holdings, Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services. Its products and services consist of compressor, pump, vacuum and blower. Gardner Denver Holdings, Inc. is based in Milwaukee, United States. “

A number of other analysts have also commented on the stock. Stifel Nicolaus upped their price objective on shares of Gardner Denver from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Citigroup reaffirmed a “buy” rating and set a $32.00 price objective (up from $28.00) on shares of Gardner Denver in a research note on Monday, October 9th. Tigress Financial reaffirmed a “buy” rating on shares of Gardner Denver in a research note on Monday, December 18th. UBS Group upped their price objective on shares of Gardner Denver from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Simmons reaffirmed an “overweight” rating and set a $31.00 price objective on shares of Gardner Denver in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Gardner Denver has an average rating of “Buy” and an average price target of $31.70.

Gardner Denver (NYSE GDI) traded down $0.14 during mid-day trading on Tuesday, reaching $34.96. 868,300 shares of the company’s stock were exchanged, compared to its average volume of 597,873. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 1.58. Gardner Denver has a 52 week low of $19.91 and a 52 week high of $36.08. The stock has a market capitalization of $6,900.00 and a price-to-earnings ratio of -44.82.

Gardner Denver (NYSE:GDI) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. analysts forecast that Gardner Denver will post -0.21 EPS for the current year.

In other news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $26.43, for a total value of $667,380,758.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of GDI. Artisan Partners Limited Partnership purchased a new stake in shares of Gardner Denver in the third quarter worth approximately $136,195,000. Vanguard Group Inc. acquired a new position in Gardner Denver in the second quarter worth approximately $61,434,000. TIAA CREF Investment Management LLC acquired a new position in Gardner Denver in the second quarter worth approximately $40,225,000. TPG Group Holdings SBS Advisors Inc. acquired a new position in Gardner Denver in the second quarter worth approximately $32,357,000. Finally, Wells Fargo & Company MN acquired a new position in Gardner Denver in the second quarter worth approximately $25,096,000.

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Gardner Denver Company Profile

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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