Lindsay saw its IBD SmartSelect Composite Rating rise to 96 Friday, up from 94 the day before.
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The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The best stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Lindsay is currently forming a consolidation, with a 140.26 entry. Look for the stock to break out in volume at least 40% higher than normal.
The stock sports a 95 EPS Rating, meaning its recent quarterly and annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 49% earnings-per-share gain for Q2. That marks two straight quarters of rising EPS gains. Revenue growth increased 23%, up from 3% in the prior quarter. The company has now posted rising growth in each of the last three quarters.
Lindsay holds the No. 1 rank among its peers in the Machinery-Farm industry group. Deere and Alamo Group 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.
