At the time of writing, Leggett & Platt, Inc. [LEG] stock is trading at $18.26, up 3.28%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LEG shares have gain 3.40% over the last week, with a monthly amount drifted -3.28%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Leggett & Platt, Inc. [NYSE: LEG] stock has seen the most recent analyst activity on April 11, 2023, when Goldman downgraded its rating to a Neutral and also revised its price target to $34 from $39. Previously, Piper Sandler downgraded its rating to Underweight on December 12, 2022, and dropped its price target to $24. On May 04, 2022, downgrade downgraded it’s rating to Mkt Perform. Raymond James downgraded its rating to a Outperform but stick to its price target of $48 on February 10, 2021. Goldman upgraded its rating to a Buy and raised its price target to $52 on November 20, 2020. Raymond James upgraded its rating to Strong Buy for this stock on May 14, 2020, but kept the price target unchanged to $32. In a note dated December 10, 2019, CJS Securities downgraded an Market Perform rating on this stock.
For the past year, the stock price of Leggett & Platt, Inc. fluctuated between $17.19 and $33.50. Currently, Wall Street analysts expect the stock to reach $29.5 within the next 12 months. Leggett & Platt, Inc. [NYSE: LEG] shares were valued at $18.26 at the most recent close of the market. An investor can expect a potential return of 61.56% based on the average LEG price forecast.
Analyzing the LEG fundamentals
According to Leggett & Platt, Inc. [NYSE:LEG], the company’s sales were 4.73B for trailing twelve months, which represents an -6.84% plunge. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.09 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.85 points at the first support level, and at 17.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.48, and for the 2nd resistance point, it is at 18.69.
Ratios To Look Out For
It is important to note that Leggett & Platt, Inc. [NYSE:LEG] has a current ratio of 1.49. As well, the Quick Ratio is 0.84, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 1.83.
Transactions by insiders
Recent insider trading involved WOOD PHOEBE A, Director, that happened on May 23 ’23 when 6000.0 shares were sold.
