The stock of Leggett & Platt, Inc. (LEG) has seen a 13.55% increase in the past week, with a 6.04% gain in the past month, and a 13.94% flourish in the past quarter. The volatility ratio for the week is 4.27%, and the volatility levels for the past 30 days are at 3.50% for LEG. The simple moving average for the last 20 days is 6.83% for LEG stock, with a simple moving average of -23.43% for the last 200 days.
Is It Worth Investing in Leggett & Platt, Inc. (NYSE: LEG) Right Now?
The 36-month beta value for LEG is also noteworthy at 1.09. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LEG is 131.25M, and at present, short sellers hold a 5.61% of that float. The average trading volume of LEG on September 19, 2024 was 2.70M shares.
LEG) stock’s latest price update
The stock price of Leggett & Platt, Inc. (NYSE: LEG) has surged by 2.09 when compared to previous closing price of 12.89, but the company has seen a 13.55% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-12 that “What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.” – suredividend.com. The 53 Dividend Kings, screened as of Sept. 10, represented eight of 11 Morningstar Sectors. Broker-targeted top 10 net gains ranged around 11.59%-35.94%, topped by Emerson and Stephan. By yield, Altria tops all. Top 10 September dogs: HRL, KVUE, FRT, FTS, UBSI, BKH, NWN, CDUAF, UVV, and MO averaged 4.70% in yield.
Analysts’ Opinion of LEG
Many brokerage firms have already submitted their reports for LEG stocks, with Goldman repeating the rating for LEG by listing it as a “Neutral.” The predicted price for LEG in the upcoming period, according to Goldman is $34 based on the research report published on April 11, 2023 of the previous year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see LEG reach a price target of $24, previously predicting the price at $31. The rating they have provided for LEG stocks is “Underweight” according to the report published on December 12th, 2022.
LEG Trading at 5.75% from the 50-Day Moving Average
After a stumble in the market that brought LEG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.28% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 4.27%, as shares surge +9.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.34% upper at present.
During the last 5 trading sessions, LEG rose by +13.55%, which changed the moving average for the period of 200-days by -42.46% in comparison to the 20-day moving average, which settled at $12.38. In addition, Leggett & Platt, Inc. saw -49.71% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LEG starting from BURNS BENJAMIN MICHAEL, who purchase 3,850 shares at the price of $12.20 back on Jun 06 ’24. After this action, BURNS BENJAMIN MICHAEL now owns 81,362 shares of Leggett & Platt, Inc., valued at $46,957 using the latest closing price.
Padmanabhan Srikanth, the Director of Leggett & Platt, Inc., purchase 10,000 shares at $12.06 during a trade that took place back on Jun 05 ’24, which means that Padmanabhan Srikanth is holding 38,623 shares at $120,649 based on the most recent closing price.
Stock Fundamentals for LEG
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.17 for the gross margin
The net margin for Leggett & Platt, Inc. stands at -0.18. The total capital return value is set at 0.1. Equity return is now at value -69.80, with -18.15 for asset returns.
Based on Leggett & Platt, Inc. (LEG), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 3.09. The interest coverage ratio of the stock is 3.21.
Currently, EBITDA for the company is 498.5 million with net debt to EBITDA at 4.48. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 6.96for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
In summary, Leggett & Platt, Inc. (LEG) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
