Leggett & Platt, Incorporated (NYSE:LEG)
Stifel Nicolaus Upgrades Leggett & Platt, Incorporated (NYSE:LEG)’s stock to Buy with no specific Price Target. This rating was issued on 5/31/18. The stock recently closed its previous session at $39.06 by showing a percentage change of -2.2% from its previous day closing price of $39.94.
Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.
Several investment firms issued their expert ratings on Leggett & Platt, Incorporated (NYSE:LEG) in which Credit Suisse Maintains Leggett & Platt, Incorporated (NYSE:LEG) to Neutral by settling a price target of $46 on 4/27/18. PiperJaffray Downgrades the stock to Neutral on 10/30/17 with no specific Price Target. SunTrust Robinson Humphrey Upgrades the company’s stock to Buy on 9/22/17 with no specific Price Target. Hilliard Lyons Upgrades Leggett & Platt, Incorporated (NYSE:LEG) to Long-Term Buy with no specific Price Target.
Leggett & Platt, Incorporated (NYSE:LEG) currently has a consensus Price Target of $51. While some analysts have a High Price target for the stock of $58 and a Low Price Target of $46.
Several sell side analysts reviewed their recommendations on Leggett & Platt, Incorporated (NYSE:LEG) where 2 analyst have rated the stock as Strong Buy, 3 analysts said it’s a Buy, 2 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)
Zacks Investment Research also rated the stock with a value of 1.4. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.
In the last Quarter, Leggett & Platt, Incorporated (NYSE:LEG) reported its Actual EPS of $0.63/share. The analysts offering Earnings Estimates for the company were believing that Leggett & Platt, Incorporated (NYSE:LEG) could bring EPS of $0.62/share. The difference between Actual EPS and Estimated EPS was 0.01 Percent. Thus the company showed an Earnings Surprise of 1.6 Percent.
Leggett & Platt, Incorporated (NYSE:LEG) has a market capitalization of 5.08 Billion. The stock traded with the volume of 1.26 Million shares in the last trading session. The stock touched its high share price of $51.99 on 10/27/17 and the stock also touched its Lowest price in the last 52-weeks of trading on 10/11/18 as $39.57. The company has a 1 Year high price target of $51. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -11.31%. The Moving Average SMA50 is -12.28% while SMA200 is -12.29%.
Leggett & Platt, Incorporated (NYSE:LEG) is currently showing its ROA (Return on Assets) of 7.9%. The Return on Investment (ROI) is at 15.5% while it’s Return on Equity (ROE) value stands at 24.1%. The stock currently shows its YTD (Year to Date) performance of -18.16 percent while its Weekly performance value is -8.01%. The Monthly and Yearly performances are -15.6 percent and -19.2 percent respectively. The Relative Volume value measured for Leggett & Platt, Incorporated (NYSE:LEG) is 1.13. The Average Volume (3 months) is 1.11 Million.
The stock currently has its Annual Dividend of $1.52 and an annual Dividend Yield of 3.89 Percent. LEG has P/E (Price to Earnings ttm) value of 15.98, Forward P/E of 13.24, P/C (Price to cash per share) of 11.53 and Price to Free Cash Flow (P/FCF) value of 84.82. The stock is showing its Operating Margin of 11.1 percent.
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. The company operates through four segments: Residential Furnishings, Commercial Products, Industrial Materials, and Specialized Products. The Residential Furnishings segment offers innersprings, wire forms, and machines to shape wire into various types of springs; steel mechanisms and hardware, etc. The Commercial Products segment provides molded plywood components; bases, columns, back rests, casters, frames, and control devices for office chairs; private-label finished furniture; beds and bed frames; and adjustable beds. It serves office furniture manufacturers; and mattress and furniture retailers. The Industrial Materials segment offers drawn wires, fabricated wire products, and steel rods. The Specialized Products segment provides mechanical and pneumatic lumbar support and massage systems, seat suspension systems, motors and actuators, and control cables; etc.