Industrial machinery maker Gardner Denver Inc agreed to sell itself to private equity firm KKR & Co LP for $3.74 billion but some on Wall Street questioned the valuation, saying the company was worth much more.Gardner Denver's shares were trading at $74.70 late Friday morning, well short of KKR's $76 per share bid, indicating investor skepticism over the deal.Analysts' have an average price target of $78.50 on the stock as of Thursday. Four of the eight analysts tracking the stock have targets above KKR's offer price. Two do not currently have a price target estimate.The stock's intrinsic value is $85.47, according to Thomson Reuters StarMine data. The model is a measure of a stock's current value when considering analysts' growth estimates for five years, and then modeling the typical growth trajectory over a longer period of time.
Gardner Denver, Inc. (Gardner Denver) designs, manufactures and markets engineered industrial machinery and related parts and services. Shares of GDI traded higher by 1.15% or $0.85/share to $74.70. In the past year, the shares have traded as low as $45.54 and as high as $76.57. On average, 1336840 shares of GDI exchange hands on a given day and today's volume is recorded at 12720008.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.59% or $-0.18/share to $30.56. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 887337 shares of TRI exchange hands on a given day and today's volume is recorded at 224515.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.66% or $-0.21/share to $31.41. In the past year, the shares have traded as low as $26.65 and as high as $31.99. On average, 934125 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 105081.
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