Lindsay Corporation (NYSE:LNN) has been upgraded to Neutral in a statement by Piper Jaffray Cos. earlier today.
- Updated: November 28, 2016
Piper Jaffray Cos. has upgraded Lindsay Corporation (NYSE:LNN) to Neutral in a statement released on 11/28/2016.
On Thursday February 04, 2016, Sidoti released a statement for Lindsay Corporation (NYSE:LNN) bumped down the target price from $98.00 to $93.00 that suggested an upside of 0.33%.
Boasting a price of $81.55, Lindsay Corporation (NYSE:LNN) traded 1.08% higher on the day. With the last stock price close up 12.62% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Lindsay Corporation has recorded a 50-day average of $77.34 and a two hundred day average of $72.41. Volume of trade was down over the average, with 48,062 shares of LNN changing hands under the typical 103,117
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Lindsay Corporation 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 Cos. reporting its stock price target, a total of 7 brokers have issued a research note 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 Corporation (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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