Leggett & Platt, Inc [NYSE: LEG] price surged by 1.31 percent to reach at $2509990.87.
A sum of 23921018 shares traded at recent session while its average daily volume was at 2.51M shares. Leggett & Platt, Inc shares reached a high of $9.29 and dropped to a low of $9.04 until finishing in the latest session at $2510000.0.
The one-year LEG stock forecast points to a potential downside of -25099900.0. The average equity rating for LEG stock is currently 3.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 3.00. 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 Price to Book ratio for the last quarter was 1.67, 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 5.01 with Quick ratio for the last quarter at 1.36.
LEG Stock Performance Analysis:
Leggett & Platt, Inc [LEG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.65. With this latest performance, LEG shares gained by 3.01% in over the last four-week period, additionally sinking by -5.42% over the last 6 months – not to mention a drop of -3.65% in the past year of trading.
Insight into Leggett & Platt, Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Leggett & Platt, Inc [LEG] shares currently have an operating margin of 5.88% and a Gross Margin at 17.30%. Leggett & Platt, Inc’s Net Margin is presently recorded at -11.89%.
Return on Equity for this stock declined to -12.26%, with Return on Assets sitting at -12.26%.
LEG Stock EPS
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] Institutonal Ownership Details
There are presently around $79.56%, or 81.51% of LEG stock, in the hands of institutional investors. 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%.
