Leggett & Platt Incorporated [LEG] Is Currently -1.34 below its 200 Period Moving Avg: What Dose This Mean?

Leggett & Platt Incorporated [NYSE: LEG] closed the trading session at $42.72 on 12/29/20. The day’s price range saw the stock hit a low of $42.21, while the highest price level was $43.44. The company report on November 3, 2020 that Leggett & Platt, Inc. to Host Earnings Call.

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Leggett & Platt, Inc. (LEG) (NYSE:LEG) will be discussing their earnings results in their call to be held on November 3, 2020 at 8:30 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/69887.

The stocks have a year to date performance of -15.96 percent and weekly performance of 4.27 percent. The stock has been moved at 21.54 percent over the last six months. The stock has performed -3.57 percent around the most recent 30 days and changed 4.91 percent over the most recent 3-months.

If compared to the average trading volume of 957.87K shares, LEG reached to a volume of 980532 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $47.25 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 2.20. 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.

Goldman have made an estimate for Leggett & Platt Incorporated shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 20, 2020. The new note on the price target was released on May 14, 2020, representing the official price target for Leggett & Platt Incorporated stock. On November 19, 2019, analysts increased their price target for LEG shares from 52 to 55.

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 1.32. The Price to Book ratio for the last quarter was 4.46, with the Price to Cash per share for the same quarter was set at 1.87. Price to Free Cash Flow for LEG in the course of the last twelve months was 16.83 with Quick ratio for the last quarter at 1.00.

LEG stock trade performance evaluation

Leggett & Platt Incorporated [LEG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.27. With this latest performance, LEG shares dropped by -3.57% in over the last four-week period, additionally plugging by 21.54% over the last 6 months – not to mention a drop of -16.32% 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 52.04, with the RSI for the last a single of trading hit 54.48, and the three-weeks RSI is set at 51.13 for Leggett & Platt Incorporated [LEG]. The present Moving Average for the last 50 days of trading for this stock 42.56, while it was recorded at 42.34 for the last single week of trading, and 37.21 for the last 200 days.

Leggett & Platt Incorporated [LEG]: An insightful look at the core 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 1.00 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for Leggett & Platt Incorporated [LEG] stock

With the latest financial reports released by the company, Leggett & Platt Incorporated posted 0.68/share EPS, while the average EPS was predicted by analysts to be reported at 0.66/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.00%. 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 Ownership positions

There are presently around $4,129 million, or 75.40% of LEG stock, in the hands of institutional investors. The top three institutional holders of LEG stocks are: VANGUARD GROUP INC with ownership of 14,014,461, which is approximately -4.563% of the company’s market cap and around 1.40% of the total institutional ownership; STATE STREET CORP, holding 12,698,690 shares of the stock with an approximate value of $542.49 million in LEG stocks shares; and BLACKROCK INC., currently with $445.88 million in LEG stock with ownership of nearly -4.548% of the company’s market capitalization.

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Positions in Leggett & Platt Incorporated stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 216 institutional holders increased their position in Leggett & Platt Incorporated [NYSE:LEG] by around 11,448,534 shares. Additionally, 224 investors decreased positions by around 9,358,037 shares, while 73 investors held positions by with 75,850,750 shares. The mentioned changes placed institutional holdings at 96,657,321 shares, according to the latest SEC report filing. LEG stock had 85 new institutional investments in for a total of 6,850,742 shares, while 64 institutional investors sold positions of 2,540,112 shares during the same period.

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