At the time of writing, Leggett & Platt, Inc [LEG] stock is trading at $8.6, down -0.35%. 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 6.44% over the last week, with a monthly amount drifted -16.75%, 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.
For the past year, the stock price of Leggett & Platt, Inc fluctuated 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 $8.6 at the most recent close of the market. An investor can expect a potential return of 159.65% based on the average LEG price forecast.
Analyzing the LEG fundamentals
According to Leggett & Platt, Inc [NYSE:LEG], the company’s sales were 4.24B for trailing twelve months, which represents an -6.26% plunge. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.19 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
It is important to note that Leggett & Platt, Inc [NYSE:LEG] has a current ratio of 2.17. Also, the Quick Ratio is 1.36, while the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 1.36 and price to earnings (TTM) ratio is 8.39.
