Leggett & Platt, Inc. [LEG] Is Currently 1.55 below its 200 Period Moving Avg: What Does This Mean?

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Leggett & Platt, Inc. [NYSE: LEG] gained 1.55% or 0.16 points to close at $10.48 with a heavy trading volume of 3429989 shares.

The daily chart for LEG points out that the company has recorded -54.43% loss over the past six months.

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If we look at the average trading volume of 2.39M shares, LEG reached to a volume of 3429989 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Leggett & Platt, Inc. [LEG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LEG shares is $14.50 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 3.40. 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, Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 11, 2023. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $31 to $24. The new note on the price target was released on December 12, 2022, representing the official price target for Leggett & Platt, Inc. stock.

The Average True Range (ATR) for Leggett & Platt, Inc. is set at 0.59, with the Price to Sales ratio for LEG stock in the period of the last 12 months amounting to 0.30. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 2.70. Price to Free Cash Flow for LEG in the course of the last twelve months was 4.80 with Quick ratio for the last quarter at 0.89.

Trading performance analysis for LEG stock

Leggett & Platt, Inc. [LEG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.89. With this latest performance, LEG shares dropped by -42.83% in over the last four-week period, additionally sinking by -54.43% over the last 6 months – not to mention a drop of -66.84% 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 16.32, with the RSI for the last a single of trading hit 14.04, and the three-weeks RSI is set at 19.10 for Leggett & Platt, Inc. [LEG]. The present Moving Average for the last 50 days of trading for this stock 15.90, while it was recorded at 10.67 for the last single week of trading, and 22.13 for the last 200 days.

Leggett & Platt, Inc. [LEG]: A deeper dive into fundamental analysis

Leggett & Platt, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 1.57.

Leggett & Platt, Inc. [LEG]: An earnings per share (EPS) analysis

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, Inc. go to 5.20%.

An analysis of Institutional ownership at Leggett & Platt, Inc. [LEG]

The top three institutional holders of LEG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LEG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LEG stock with ownership which is approximately 5.8386%.

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