Lindsay Corp (NYSE:LNN) has been upgraded from Underweight to Neutral in a statement by Piper Jaffray earlier today.
- Updated: November 28, 2016
Piper Jaffray has upgraded Lindsay Corp (NYSE:LNN) from Underweight to Neutral in a report released on 11/28/2016.
Previously on 2/04/2016, Sidoti reported on Lindsay Corp (NYSE:LNN) reduced the target price from $98.00 to $93.00. At the time, this indicated a possible upside of 0.33%.
Yesterday Lindsay Corp (NYSE:LNN) traded 1.08% higher at $81.55. The company’s 50-day moving average is $77.34 and its 200-day moving average is $72.41. The last closing price is up 12.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 48,062 shares of the stock traded hands, down from an average trading volume of 103,117
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Lindsay Corp has a 52 week low of $62.99 and a 52 week high of $81.87 with a P/E ratio of 44.08 The company’s market cap is currently $0.
In addition to Piper Jaffray reporting its stock price target, a total of 7 brokers have issued a report on the company. The average stock price target is $69.14 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 7 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Lindsay Corp (NYSE:LNN)
Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry. The Infrastructure Segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, large diameter steel tubing, and railroad signals and structures. It also manufactures and markets hose reel travelers under the Perrot and Greenfield brands in Europe and South Africa. It produces or markets chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems, which it sells under its GrowSmart brand.
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