Lindsay Corp (NYSE: LNN) has reported earnings for its third fiscal quarter (ending May 31) of $1.85 versus $1.53 for the same period a year ago. For the latest four quarters through May 31, E.P.S. were $6.61 versus $6.46 for the same period a year ago.
Recent Price Action
Lindsay Corp (NYSE: LNN) stock enjoyed a major increase of 14.4% on 6/27/24. The shares closed at $129.48. Moreover, this advance was accompanied by exceptionally high trading volume at 283% of normal. The stock has risen 10.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
LNN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Lindsay has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Lindsay has a slightly negative Appreciation Score of 37 and a poor Power Rating of 16, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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