Lindsay saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 93 to 96.
Discover The 3 Keys To Successful Stock Investing
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Lindsay is trading within the buy zone from a 140.26 entry from a consolidation.
The stock has an 86 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 86% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q3, the company reported -4% earnings-per-share growth. Top line growth fell to 22%, down from 23% in the previous quarter.
Lindsay earns the No. 1 rank among its peers in the Machinery-Farm industry group. Alamo Group and Deere are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
