- Lindsay Corporation is a global supplier of irrigation and infrastructure solutions. The company has a market capitalization of $1.13 billion.
- According to research firm Markets & Markets, the micro irrigation system industry is expected to be worth $4,213.4m in 2018, a 17.5% CAGR increase from current levels.
- Given Lindsay Corporation's impressive growth and performance in this sector, the company is in an ideal position to capitalise on growth in this sector.
- I forecast a price target of $178 for the year 2018.