Leggett & Platt, Inc [LEG] stock prices are up 5.06% to $10.18 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LEG shares have gain 8.76% over the last week, with a monthly amount drifted -15.03%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Leggett & Platt, Inc [NYSE: LEG] stock has seen the most recent analyst activity on October 30, 2024, when Piper Sandler upgraded its rating to a Neutral and also boosted its price target to $13 from $11. Previously, Goldman downgraded its rating to Neutral on April 11, 2023, and dropped its price target to $34. On December 12, 2022, downgrade downgraded it’s rating to Underweight and revised its price target to $24 on the stock. Raymond James downgraded its rating to a Mkt Perform. Raymond James downgraded its rating to a Outperform but $48 remained the price target by the analyst firm on February 10, 2021. Goldman upgraded its rating to Buy for this stock on November 20, 2020, and upped its price target to $52. In a note dated May 14, 2020, Raymond James upgraded an Strong Buy rating on this stock but restated the target price of $32.
The stock price of Leggett & Platt, Inc [LEG] has been fluctuating between $9.18 and $26.01 over the past year. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Leggett & Platt, Inc [NYSE: LEG] shares were valued at $10.18 at the most recent close of the market. An investor can expect a potential return of 27.7% based on the average LEG price forecast.
Analyzing the LEG fundamentals
The Leggett & Platt, Inc [NYSE:LEG] reported sales of 4.44B for trailing twelve months, representing a drop of -6.33%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.22, Equity is -0.82 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.8.
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 9.77 points at the first support level, and at 9.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.43, and for the 2nd resistance point, it is at 10.68.
Ratios To Look Out For
It’s worth pointing out that Leggett & Platt, Inc [NYSE:LEG]’s Current Ratio is 1.48. Also, the Quick Ratio is 0.84, while the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 1.84.
Transactions by insiders
Recent insider trading involved BURNS BENJAMIN MICHAEL, Executive Vice President – CFO, that happened on Jun 06 ’24 when 3850.0 shares were purchased. Director, Padmanabhan Srikanth completed a deal on Jun 05 ’24 to buy 10000.0 shares. Meanwhile, EVP – GENERAL COUNSEL DAVIS JENNIFER JOY bought 1985.0 shares on Jun 04 ’24.
