Stock To Watch: Lindsay Corporation (NYSE:LNN)


The leading market experts have placed a mean price target of $67.40 on Lindsay Corporation (NYSE:LNN) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.63 a share for the upcoming quarter and $1.71 for the current fiscal.

Technical View

The technical analysis of Lindsay Corporation Common Stoc plainly substantiates that the 50-day moving average of Lindsay Corporation Common Stoc is $69.22, and stock is trading $2.24 points away or +3.24% from its 50-day moving average of $69.22. Further it is trading $-0.19 or -0.27% away its 200-day moving average of $71.65. Lindsay Corporation (NYSE:LNN) 52-week high is $83.45 and the 52-week low is $62.99.

This explains if the stock moves $-11.99, it will post a 52-week high. In event of +13.45% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Lindsay Corporation Common Stoc, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Lindsay Corporation (NYSE:LNN) ratio came in at 85.89.

The stock last ended the trading session at $71.46 and registered a market cap of $759.62M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Lindsay Corporation (NYSE:LNN) PEG ratio is at 3.43.

1 Chart Pattern Every Investor Should Know

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