While Leggett & Platt, Inc. has overperformed by 2.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LEG fell by -47.25%, with highs and lows ranging from $27.58 to $10.11, whereas the simple moving average fell by -23.43% in the last 200 days.
On April 11, 2023, Goldman Downgraded Leggett & Platt, Inc. (NYSE: LEG) to Neutral. A report published by Piper Sandler on December 12, 2022, Downgraded its rating to ‘Underweight’ for LEG. Goldman November 20, 2020d its ‘Neutral’ rating to ‘Buy’ for LEG, as published in its report on November 20, 2020. Raymond James’s report from May 14, 2020 suggests a price prediction of $32 for LEG shares, giving the stock a ‘Strong Buy’ rating. CJS Securities also rated the stock as ‘Market Perform’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Analysis of Leggett & Platt, Inc. (LEG)
LEG currently pays a dividend of $1.02 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -7.60%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Leggett & Platt, Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -69.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.88, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 2.70M can be a very valuable indicator of volatility for LEG stock. On a monthly basis, the volatility of the stock is set at 3.50%, whereas on a weekly basis, it is put at 4.27%, with a gain of 13.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.33, showing decline from the present price of $13.16, which can serve as yet another indication of whether LEG is worth investing in or should be passed over.
How Do You Analyze Leggett & Platt, Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.18%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.39% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LEG shares are owned by institutional investors to the tune of 76.39% at present.
