Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Lindsay Corp before investing.

In this article, we go over a few key elements for understanding Lindsay Corp’s stock price such as:

• Lindsay Corp’s current stock price and volume
• Why Lindsay Corp’s stock price changed recently
• Upgrades and downgrades for LNN from analysts
• LNN’s stock price momentum as measured by its relative strength

About Lindsay Corp (LNN)

Before we jump into Lindsay Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Lindsay Corporation is engaged in providing a variety of proprietary water management and road infrastructure products and services. The Company is engaged in manufacture and distribution of agricultural irrigation equipment. It has two segments: Irrigation and Infrastructure. Irrigation segment includes the manufacturing and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used principally in the agricultural industry to increase or stabilize crop production while conserving water, energy and labor. The segment also manufactures and markets repair and replacement parts for its irrigation systems and controls. Infrastructure segment includes the manufacturing and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, and railroad signals and structures. The principal infrastructure manufacturing facilities are located in Rio Vista, California; Milan, Italy; and Lindsay, Nebraska.

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Lindsay Corp’s Stock Price as of Market Close

As of March 08, 2024, 4:00 PM, CST, Lindsay Corp’s stock price was $114.97.

Lindsay Corp is down 6.32% from its previous closing price of $122.73.

During the last market session, Lindsay Corp’s stock traded between $120.63 and $123.26. Currently, there are 11.02 million shares of Lindsay Corp stock available for purchase.

Lindsay Corp’s price-earnings (P/E) ratio is currently at 19.6, which is high compared to the Heavy Machinery & Vehicles industry median of 15.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Lindsay Corp Stock Price History

Lindsay Corp’s (LNN) price is currently down 3.64% so far this month.

During the month of March, Lindsay Corp’s stock price has reached a high of $123.26 and a low of $114.85.

Over the last year, Lindsay Corp has hit prices as high as $152.23 and as low as $106.46. Year to date, Lindsay Corp’s stock is down 29.4%.

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What Caused Lindsay Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 07, 2024, there was 1 analyst who downgraded Lindsay Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Lindsay Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Lindsay Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Lindsay Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Lindsay Corp (LNN) by visiting AAII Stock Evaluator.

Relative Price Strength of Lindsay Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 07, 2024, Lindsay Corp has a weighted four-quarter relative price strength of -10.48%, which translates to a Momentum Score of 36 and is considered to be Weak.

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Lindsay Corp Stock Price: Bottom Line

As of March 8, 2024, Lindsay Corp’s stock price is $114.97, which is down 6.32% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Lindsay Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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