Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
On Monday, Stifel analysts maintained a Hold rating on Lindsay Corporation (NYSE:LNN) shares, with the price target remaining steady at $130.00. According to InvestingPro data, the stock currently trades at $130.47, with analyst targets ranging from $126 to $146. The company maintains strong financial health with an InvestingPro Financial Health Score of "GOOD" and holds more cash than debt on its balance sheet. The firm’s analysis was based on a recent survey of 45 domestic irrigation dealers, which revealed that dealer network sentiment has remained largely unchanged since the previous survey. The dealers anticipate a slight decrease in volume, with expectations shifting from a 0.2% decline to a 0.4% decline over the next 12 months. Despite market challenges, Lindsay has demonstrated financial resilience, maintaining dividend payments for 30 consecutive years and achieving a healthy current ratio of 3.87.
According to the survey results, dealers reported a 1.7% decrease in domestic volume, while prices showed a marginal increase of 0.2% over the past three months, which corresponds to Lindsay’s second fiscal quarter of 2025 (F2Q25). This outcome was slightly worse than the dealers’ forecast from three months prior, which had predicted a 1.4% year-over-year decline for F2Q25.
Stifel’s regression model, which incorporates dealer responses and has an R-Square of approximately 0.63, predicts a 3.0% decline in Lindsay’s F2Q25 domestic sales. This projection falls in line with Stifel’s expectation of a 10% decrease in sales. The Hold rating and unchanged price target suggest that Stifel analysts see the company’s stock as fairly valued at the current level, based on the data gathered from the dealer network survey and their analytical model.
Lindsay Corporation, known for its irrigation and infrastructure products and services, operates within a niche market where dealer sentiment and sales forecasts can significantly influence stock performance. The company’s stock price will continue to be monitored by investors as further market data and company performance indicators become available. For deeper insights into Lindsay’s financial health and growth prospects, InvestingPro subscribers can access comprehensive analysis, including 6 additional ProTips and detailed valuation metrics in the Pro Research Report.
In other recent news, Lindsay Corporation reported its fourth-quarter 2024 earnings, exceeding earnings per share (EPS) expectations with a result of $1.57, surpassing the forecast of $1.40. However, the company’s revenue of $166.3 million fell short of the anticipated $169.8 million, marking a 7% year-over-year decrease. Despite this, the Infrastructure segment showed significant growth, with a 24% year-over-year increase. Lindsay Corporation is set to deliver a $20 million Road Zipper project in the second quarter of fiscal year 2025, which is expected to contribute positively to the company’s margins. Stifel analysts have maintained a Hold rating on Lindsay Corporation, raising the price target from $126.00 to $130.00, citing the company’s strong EPS performance and the impact of a substantial irrigation project in Egypt. The company’s board saw changes with the resignation of director Ibrahim Gokcen, reducing the board size from eight to seven members. Additionally, shareholders approved the Lindsay Corporation 2025 Long-Term Incentive Plan and ratified KPMG LLP as the independent registered public accounting firm for the fiscal year ending August 31, 2025. These developments reflect Lindsay Corporation’s ongoing efforts to align its leadership and strategic initiatives with shareholder interests.
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