Stock Rating Downgrade
The Value Trend Rating for Lindsay Corp (NYSE: LNN) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/18/24, Lindsay Corp (NYSE: LNN) stock declined by -2.5%, closing at $112.21. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -2.4% during the last week.
Current PriceTarget Research Rating
LNN's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Lindsay has a current Value Trend Rating of D (Negative). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing consistent signals. Lindsay has a neutral Power Rating of 50 and a slightly negative Appreciation Score of 39, with the Negative Value Trend Rating the result.