Are Leggett & Platt, Inc.’s (LEG) stock prices rising too high? – BOVNews (2024)

• Samuel Moore
• July 20, 2024
• Industry

Goldman lowered the price target for the Leggett & Platt, Inc. (NYSE:LEG) stock from “a Buy” to “a Neutral”. The rating was released on April 11, 2023, according to finviz. We previously noted in another research note published on December 12, 2022 by Piper Sandler that downgraded the stock from a Neutral to an Underweight with a price target of $24 for LEG stock. The stock was downgraded by Raymond James, who disclosed in a research note on February 10, 2021, from Strong Buy to Outperform and set the price objective to $48. In their research brief published November 20, 2020, Goldman analysts upgraded the Leggett & Platt, Inc. stock from Neutral to Buy with a price target of $52.

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated 2.76% within the last five trades and 9.61% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -45.67% in the last 6 months and -28.39% was subtracted to its value over the previous 3 months. LEG stock is trading at a margin of 8.95%, 7.84% and -35.29% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, LEG deals in the Consumer Cyclical domain. The stock is trading -58.75 percent below its 52-week high and 25.22 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -57.28. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Leggett & Platt, Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 6.40 percent and the profit margin is -3.44 percent, and the company has reported a gross margin of 16.69 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $1.70 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 10.11. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.37 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.32, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.71 percent of Leggett & Platt, Inc. shares are owned by insiders, and 69.41 percent are held by financial institutions. BURNS BENJAMIN MICHAEL, the Executive Vice President – CFO at Leggett & Platt, Inc. (LEG) has bought 3,850 shares of firm on Jun 06 ’24 at a price of $12.20 against the total amount of $46957.0. In another inside trade, Padmanabhan Srikanth, Director of Leggett & Platt, Inc. (NYSE:LEG) bought 10,000 shares of the firm on Jun 05 ’24 for a total worth of $0.12 million at a price of $12.06. An inside trade which took place on Jun 04 ’24, EVP – GENERAL COUNSEL of Leggett & Platt, Inc. DAVIS JENNIFER JOY bought 1,985 shares of firm against total price of $24812.0 at the cost of $12.50 per share.

• TagsInc., LEG, LEG stock, , NYSE:LEG

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