Lindsay Corporation (NYSE:LNN) had its price target increased by equities research analysts at Stifel Nicolaus from $76.00 to $90.00 in a report issued on Friday. The brokerage presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 1.83% from the stock’s current price.

LNN has been the topic of several other reports. Zacks Investment Research cut shares of Lindsay Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Boenning Scattergood reiterated a “hold” rating on shares of Lindsay Corporation in a research report on Thursday, June 29th. BidaskClub downgraded Lindsay Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Piper Jaffray Companies restated a “hold” rating and set a $80.00 price objective on shares of Lindsay Corporation in a report on Sunday, September 10th. Finally, Sidoti restated a “buy” rating and set a $107.00 price objective (up previously from $100.00) on shares of Lindsay Corporation in a report on Friday, July 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $95.00.

Lindsay Corporation (NYSE:LNN) opened at 88.38 on Friday. The firm’s 50-day moving average is $89.02 and its 200 day moving average is $87.70. Lindsay Corporation has a 12-month low of $72.85 and a 12-month high of $95.04. The stock has a market capitalization of $944.69 million, a P/E ratio of 38.29 and a beta of 0.44.

TRADEMARK VIOLATION NOTICE: “Lindsay Corporation (LNN) PT Raised to $90.00” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/13/lindsay-corporation-lnn-pt-raised-to-90-00.html.

In other Lindsay Corporation news, insider Rick Parod sold 77,387 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $91.47, for a total transaction of $7,078,588.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of LNN. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Lindsay Corporation by 8.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,351 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 100 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Lindsay Corporation by 1.7% in the 1st quarter. State of Alaska Department of Revenue now owns 1,170 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 20 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Lindsay Corporation by 13.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,584 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 186 shares during the period. Flinton Capital Management LLC increased its holdings in shares of Lindsay Corporation by 72.7% in the 2nd quarter. Flinton Capital Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $115,000 after purchasing an additional 544 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Lindsay Corporation by 13.7% in the 1st quarter. Van ECK Associates Corp now owns 1,330 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 160 shares during the period. Institutional investors own 97.44% of the company’s stock.

Lindsay Corporation Company Profile

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.

Receive News & Ratings for Lindsay Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindsay Corporation and related companies with MarketBeat.com's FREE daily email newsletter.