Leggett & Platt, Inc [NYSE: LEG] surged by $0.1 during the normal trading session on while it closed the day at $9.17.
Leggett & Platt, Inc stock has also gained 2.12% of its value over the past 7 days. However, LEG stock has inclined by 5.65% in the 3 months of the year. Over the past six months meanwhile, it has lost -27.16% and lost -4.48% year-on date.
The market cap for LEG stock reached $1.24 billion, with 135.14 million shares outstanding and 131.57 million shares in the current float. Compared to the average trading volume of 3.02M shares, LEG reached a trading volume of 1611023 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, Inc [LEG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LEG shares is $10.00 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 2.60. 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.
Piper Sandler have made an estimate for Leggett & Platt, Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 30, 2024. While these analysts kept the previous recommendation, Goldman dropped their target price from $39 to $34. The new note on the price target was released on April 11, 2023, representing the official price target for Leggett & Platt, Inc stock. Previously, the target price had yet another drop from $31 to $24, while Piper Sandler kept a Underweight rating on LEG stock.
The Average True Range (ATR) for Leggett & Platt, Inc is set at 0.34, with the Price to Sales ratio for LEG stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 1.66, with the Price to Cash per share for the same quarter was set at 3.05. Price to Free Cash Flow for LEG in the course of the last twelve months was 4.97 with Quick ratio for the last quarter at 1.36.
LEG stock trade performance evaluation
Leggett & Platt, Inc [LEG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.12. With this latest performance, LEG shares dropped by -1.29% in over the last four-week period, additionally sinking by -27.16% over the last 6 months – not to mention a drop of -20.95% 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 55.46, with the RSI for the last a single of trading hit 55.59, and the three-weeks RSI is set at 54.78 for Leggett & Platt, Inc [LEG]. The present Moving Average for the last 50 days of trading for this stock 8.34, while it was recorded at 9.03 for the last single week of trading, and 10.52 for the last 200 days.
Leggett & Platt, Inc [LEG]: An insightful look at the core fundamentals
Leggett & Platt, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.36 and a Current Ratio set at 2.20.
Earnings per share (EPS) analysis for Leggett & Platt, Inc [LEG] stock
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 9.01%.
Leggett & Platt, Inc [LEG]: Institutional Ownership
The top three institutional holders of LEG stocks are: BLACKROCK INC. with ownership of 19.87 million shares, which is approximately 14.4736%. VANGUARD GROUP INC, holding 14.93 million shares of the stock with an approximate value of $$171.14 million in LEG stocks shares; and VANGUARD GROUP INC, currently with $$160.92 million in LEG stock with ownership which is approximately 10.2273%.
