Piper Jaffray Sticks to Its Buy Rating for Gardner Denver Holdings Inc (GDI)

By Austin Angelo

Piper Jaffray analyst Bill Herbert reiterated a Buy rating on Gardner Denver Holdings Inc (GDIResearch Report) today and set a price target of $34. The company’s shares opened today at $26.69.

According to TipRanks.com, Herbert has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.0% and a 27.2% success rate. Herbert covers the Basic Materials sector, focusing on stocks such as C&J Energy Services Inc, Core Laboratories, and National-Oilwell.

Gardner Denver Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $28.50.

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Based on Gardner Denver Holdings Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $72.2 million. In comparison, last year the company earned revenue of $665 million and had a net profit of $144 million.

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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.