Piper Jaffray Reaffirms Their Buy Rating on Gardner Denver Holdings Inc (GDI)

By Ryan Adsit

Piper Jaffray analyst Bill Herbert reiterated a Buy rating on Gardner Denver Holdings Inc (NYSE: GDI) yesterday and set a price target of $38. The company’s shares closed yesterday at $27.73.

According to TipRanks.com, Herbert is a 1-star analyst with an average return of -3.8% and a 44.9% success rate. Herbert covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Schlumberger Limited, and Superior Energy.

Currently, the analyst consensus on Gardner Denver Holdings Inc is a Moderate Buy with an average price target of $37.50.

See today’s analyst top recommended stocks >>

The company has a one-year high of $38 and a one-year low of $21.76. Currently, Gardner Denver Holdings Inc has an average volume of 1.78M.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gardner Denver Holdings, Inc. is a provider of flow control and compression equipment and associated aftermarket parts, consumables and services to industrial, energy and medical industries. It operates through three segments: Medical, Energy and Industrials.