Leggett & Platt Incorporated [NYSE: LEG] stock went on a downward path that fall over -0.60% on Wednesday, amounting to a one-week price decrease of less than -6.89%.
Over the last 12 months, LEG stock rose by 2.35%. The one-year Leggett & Platt Incorporated stock forecast points to a potential upside of 4.14. The average equity rating for LEG stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.60 billion, with 135.70 million shares outstanding and 130.78 million shares in the current float. Compared to the average trading volume of 1.23M shares, LEG stock reached a trading volume of 1264964 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Leggett & Platt Incorporated [LEG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LEG shares is $43.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LEG stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Leggett & Platt Incorporated shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on May 14, 2020. The new note on the price target was released on December 10, 2019, representing the official price target for Leggett & Platt Incorporated stock. Previously, the target price had yet another raise from $52 to $55, while Stifel kept a Hold rating on LEG stock.
The Average True Range (ATR) for Leggett & Platt Incorporated is set at 1.30, with the Price to Sales ratio for LEG stock in the period of the last 12 months amounting to 1.31. The Price to Book ratio for the last quarter was 4.63, with the Price to Cash per share for the same quarter was set at 1.55. Price to Free Cash Flow for LEG in the course of the last twelve months was 21.49 with Quick ratio for the last quarter at 1.10.
LEG Stock Performance Analysis:
Leggett & Platt Incorporated [LEG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.89. With this latest performance, LEG shares gained by 2.04% in over the last four-week period, additionally plugging by 50.11% over the last 6 months – not to mention a rise of 2.35% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LEG stock in for the last two-week period is set at 47.11, with the RSI for the last a single of trading hit 38.95, and the three-weeks RSI is set at 50.88 for Leggett & Platt Incorporated [LEG]. The present Moving Average for the last 50 days of trading for this stock 40.41, while it was recorded at 42.73 for the last single week of trading, and 38.44 for the last 200 days.
Insight into Leggett & Platt Incorporated Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Leggett & Platt Incorporated [LEG] shares currently have an operating margin of +10.90 and a Gross Margin at +20.78. Leggett & Platt Incorporated’s Net Margin is presently recorded at +7.02.
Return on Total Capital for LEG is now 17.51, given the latest momentum, and Return on Invested Capital for the company is 11.46. Return on Equity for this stock inclined to 27.04, with Return on Assets sitting at 8.14. When it comes to the capital structure of this company, Leggett & Platt Incorporated [LEG] has a Total Debt to Total Equity ratio set at 173.67. Additionally, LEG Total Debt to Total Capital is recorded at 63.46, with Total Debt to Total Assets ending up at 47.31. Long-Term Debt to Equity for the company is recorded at 166.78, with the Long-Term Debt to Total Capital now at 60.94.
Reflecting on the efficiency of the workforce at the company, Leggett & Platt Incorporated [LEG] managed to generate an average of $15,173 per employee. Receivables Turnover for the company is 8.17 with a Total Asset Turnover recorded at a value of 1.16.Leggett & Platt Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.80.
LEG Stock EPS
With the latest financial reports released by the company, Leggett & Platt Incorporated posted 0.76/share EPS, while the average EPS was predicted by analysts to be reported at 0.67/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LEG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Leggett & Platt Incorporated go to 5.20%.
Leggett & Platt Incorporated [LEG] Insider Position Details
There are presently around $3,936 million, or 74.80% of LEG stock, in the hands of institutional investors. The top three institutional holders of LEG stocks are: VANGUARD GROUP INC with ownership of 14,684,449, which is approximately -2.268% of the company’s market cap and around 1.00% of the total institutional ownership; STATE STREET CORP, holding 14,119,258 shares of the stock with an approximate value of $585.38 million in LEG stocks shares; and BLACKROCK INC., currently with $453.34 million in LEG stock with ownership of nearly -14.77% of the company’s market capitalization.
214 institutional holders increased their position in Leggett & Platt Incorporated [NYSE:LEG] by around 14,021,522 shares. Additionally, 248 investors decreased positions by around 12,185,391 shares, while 53 investors held positions by with 68,720,989 shares. The mentioned changes placed institutional holdings at 94,927,902 shares, according to the latest SEC report filing. LEG stock had 69 new institutional investments in for a total of 5,672,972 shares, while 80 institutional investors sold positions of 3,066,334 shares during the same period.