Boenning & Scattergood Sticks to Their Hold Rating for Lindsay Corp

By Ryan Adsit

In a report released today, Ryan Connors from Boenning & Scattergood maintained a Hold rating on Lindsay Corp (NYSE: LNN). The company’s shares closed yesterday at $88.04, close to its 52-week high of $89.98.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 17.1% and a 94.7% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.

Lindsay Corp has an analyst consensus of Hold, with a price target consensus of $76.

Lindsay Corp’s market cap is currently $938.8M and has a P/E ratio of 40.39. The company has a book value ratio of 3.7024.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2017, Rick Parod, the President & CEO of LNN sold 40,241 shares for a total of $3,443,763.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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