A share price of Leggett & Platt, Inc [LEG] is currently trading at $9.62, up 4.00%. An important factor to consider is whether the stock is rising or falling in short-term value. The LEG shares have gain 6.06% over the last week, with a monthly amount glided 2.12%, and 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.
Leggett & Platt, Inc experienced fluctuations in its stock price throughout the past year between $6.47 and $14.23. Currently, Wall Street analysts expect the stock to reach $22.33 within the next 12 months. Leggett & Platt, Inc [NYSE: LEG] shares were valued at $9.62 at the most recent close of the market. An investor can expect a potential return of 132.12% based on the average LEG price forecast.
Analyzing the LEG fundamentals
Trailing Twelve Months sales for Leggett & Platt, Inc [NYSE:LEG] were 4.31B which represents -6.69% decline. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.72 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.82.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Leggett & Platt, Inc [NYSE:LEG] is 2.20. On the other hand, the Quick Ratio is 1.36, and the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 1.74.
