HomeFinanceLeggett & Platt Incorporated (LEG) Stock Is Emerging from the Clouds

Leggett & Platt Incorporated (LEG) Stock Is Emerging from the Clouds

Raymond James raised the price target for the Leggett & Platt Incorporated (NYSE:LEG) stock from “an Outperform” to “a Mkt perform”. The rating was released on May 04, 2022, according to finviz. The research report from Goldman has upgraded the stock from Neutral to Buy, with a price target set at $52. The stock was upgraded by Raymond James, who disclosed in a research note on May 14, 2020, from Mkt Perform to Strong Buy and set the price objective to $32.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


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

The share price of Leggett & Platt Incorporated (NYSE:LEG) dipped -0.02% to close Friday’s market session at $40.53, lower as compared to yesterday’s close. The stock price fluctuated between $40.19 and $40.78 throughout the trading session with the volume trading being 833656 shares, which represented a significant variation when compared to the three months average volume of 1.08 million shares. The firm’s stock price fluctuated 2.25% within the last five trades and 12.99% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 5.74% in the last 6 months and 9.78% was added to its value over the previous 3 months. LEG stock is trading at a margin of 5.92%, 8.69% and 4.08% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, LEG deals in the Consumer Cyclical domain. The stock is trading -18.84 percent below its 52-week high and 22.12 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 -9.9. 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 Incorporated’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 11.60 percent and the profit margin is 7.70 percent, and the company has reported a gross margin of 20.20 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 $5.28 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 for Leggett & Platt Incorporated (NYSE:LEG) is 13.68. 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 14.70. 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 1.01 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.31, 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, 2.10 percent of Leggett & Platt Incorporated shares are owned by insiders, and 76.80 percent are held by financial institutions. WOOD PHOEBE A, the Director at Leggett & Platt Incorporated (LEG) has sold 2,500 shares of firm on Jun 01 at a price of $38.35 against the total amount of $95870.0. In another inside trade, Brunner Robert E, Director of Leggett & Platt Incorporated (NYSE:LEG) sold 8,924 shares of the firm on Feb 17 for a total worth of $0.35 million at a price of $38.89. An inside trade which took place on Feb 17, Director of Leggett & Platt Incorporated Brunner Robert E sold 6,076 shares of firm against total price of $0.24 million at the cost of $38.89 per share.

Peggy Goldman
Peggy Goldman
I compose in light of the fact that I find that the procedure encourages me take better notes, be increasingly taught about displaying, and concoct a progressively rational speculation see for my portfolio the executive’s needs. In case I’m expounding on a stock, it’s by and large since I’m keen on it as a venture prospect or I believe there’s an intriguing story to tell.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

495128

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

The 5 Best Growth Stocks 2022

100% free. stop anytime no spam

505537

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

DOWNLOAD FREE EBOOK

BEST INFLATION STOCKS 2022

We put together a list of the best stocks that

we think can explode over the next 12 months.

SPECIAL GIFT

  What you will Get ?

   Best Inflation

   Stocks eBook

        Hot Stocks Alert

     before the opening

                  bell

        Special Offer

      and reports from 

        our partners

100% free. stop anytime no spam

GET YOUR FREE COPY NOW

DOWNLOAD FREE EBOOK

BEST GROWTH STOCKS 2022

We put together a list of the best stocks that we

think can explode over the next 12 months.

SPECIAL GIFT

  What you will Get ?

   Best Growth

   Stocks eBook

        Hot Stocks Alert

     before the opening

                  bell

        Special Offer

      and reports from 

        our partners

100% free. stop anytime no spam

GET YOUR FREE COPY NOW