The stock of Leggett & Platt, Inc (NYSE: LEG) has increased by 1.67 when compared to last closing price of 10.18. Despite this, the company has experienced a 8.38% gain in its stock price over the last five trading sessions. zacks.com reported 2025-01-13 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is It Worth Investing in Leggett & Platt, Inc (NYSE: LEG) Right Now?
The stock has a 36-month beta value of 1.12. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for LEG is 131.39M, and at present, short sellers hold a 3.82% of that float. On January 15, 2025, the average trading volume of LEG was 1.82M shares.
LEG’s Market Performance
The stock of Leggett & Platt, Inc (LEG) has seen a 8.38% increase in the past week, with a -11.16% drop in the past month, and a -18.89% fall in the past quarter. The volatility ratio for the week is 3.60%, and the volatility levels for the past 30 days are at 3.81% for LEG. The simple moving average for the last 20 days is 4.09% for LEG stock, with a simple moving average of -18.89% for the last 200 days.
Analysts’ Opinion of LEG
Many brokerage firms have already submitted their reports for LEG stocks, with Piper Sandler repeating the rating for LEG by listing it as a “Neutral.” The predicted price for LEG in the upcoming period, according to Piper Sandler is $13 based on the research report published on October 30, 2024 of the previous year 2024.
Goldman, on the other hand, stated in their research note that they expect to see LEG reach a price target of $34, previously predicting the price at $39. The rating they have provided for LEG stocks is “Neutral” according to the report published on April 11th, 2023.
Piper Sandler gave a rating of “Underweight” to LEG, setting the target price at $24 in the report published on December 12th of the previous year.
LEG Trading at -7.65% 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 -59.07% of loss for the given period.
Volatility was left at 3.81%, however, over the last 30 days, the volatility rate increased by 3.60%, as shares sank -10.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.67% lower at present.
During the last 5 trading sessions, LEG rose by +8.38%, which changed the moving average for the period of 200-days by -45.41% in comparison to the 20-day moving average, which settled at $9.94. In addition, Leggett & Platt, Inc saw 7.81% in overturn over a single year, with a tendency to cut further gains.
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 -0.19. The total capital return value is set at 0.09. Equity return is now at value -69.27, with -18.58 for asset returns.
Based on Leggett & Platt, Inc (LEG), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 2.8. The interest coverage ratio of the stock is 2.93.
Currently, EBITDA for the company is 93.2 million with net debt to EBITDA at -2.61. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. 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 1.48.
Conclusion
To sum up, Leggett & Platt, Inc (LEG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
