Stifel Nicolaus Reaffirms Their Hold Rating on Lindsay Corp (LNN)


Stifel Nicolaus analyst Nathan Jones maintained a Hold rating on Lindsay Corp (NYSE: LNN) today and set a price target of $92. The company’s shares closed on Friday at $101.59, close to its 52-week high of $105.

According to TipRanks.com, Jones is a 4-star analyst with an average return of 8.7% and a 63.3% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Illinois Tool Works, and Parker Hannifin.

The word on The Street in general, suggests a Hold analyst consensus rating for Lindsay Corp with a $98 average price target.

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Based on Lindsay Corp’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of $10.38 million. In comparison, last year the company had a net profit of $6.34 million.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock.

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Lindsay Corp. provides proprietary water management and road infrastructure products and services. It operates its business through the Irrigation and Infrastructure segments.

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