Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $67.40 on Lindsay Corporation (NYSE:LNN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.76 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Lindsay Corporation (NYSE:LNN) stands at 87.49.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Lindsay Corporation Common Stoc, the PEG ratio for coming 3-5 years is 3.39.
The technical analysis highlights that Lindsay Corporation Common Stoc current is trading $1.83 points away or +2.58% from its 50-day moving average of $70.96. Further it is trading $0.87 or +1.22% away its 200-day moving average of $71.92.
The 52-week high of Lindsay Corporation (NYSE:LNN) was $79.27 while lowest point recorded in 52-week was $62.99. It implies if stock price makes a movement of over $-6.48, it will record a new 52-week high. In the case of +15.56% drop, it will touch a new 52-week low.
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