Leggett & Platt, Inc. (LEG) concluded trading on Wednesday at a closing price of $13.25, with 15.9 million shares of worth about $210.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -44.21% during that period and on May 01, 2024 the price saw a loss of about -26.67%. Currently the company’s common shares owned by public are about 133.40M shares, out of which, 131.12M shares are available for trading.
Stock saw a price change of -27.20% in past 5 days and over the past one month there was a price change of -28.11%. Year-to-date (YTD), LEG shares are showing a performance of -49.37% which decreased to -57.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.19 but also hit the highest price of $33.50 during that period. The average intraday trading volume for Leggett & Platt, Inc. shares is 1.73 million. The stock is currently trading -27.02% below its 20-day simple moving average (SMA20), while that difference is down -30.51% for SMA50 and it goes to -44.51% lower than SMA200.
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Leggett & Platt, Inc. (NYSE: LEG) currently have 133.40M outstanding shares and institutions hold larger chunk of about 65.44% of that.
The stock has a current market capitalization of $1.77B and its 3Y-monthly beta is at 1.20. It has posted earnings per share of -$1.17 in the same period. It has Quick Ratio of 0.89 while making debt-to-equity ratio of 1.78. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LEG, volatility over the week remained 6.24% while standing at 3.14% over the month.
Analysts are in expectations that Leggett & Platt, Inc. (LEG) stock would likely to be making an EPS of $0.3 in the current quarter, while forecast for next quarter EPS is $0.34 and it is $1.32 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.28 which is $0.33 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.38 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -18.88% while it is estimated to increase by 8.20% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on April 11, 2023 offering a Neutral rating for the stock and assigned a target price range of between $39 and $34 to it. Coverage by Piper Sandler stated Leggett & Platt, Inc. (LEG) stock as an Underweight in their note to investors on December 12, 2022, suggesting a price target of $24 for the stock. On May 04, 2022, Raymond James Downgrade their recommendations, while on February 10, 2021, Raymond James Downgrade their ratings for the stock with a price target of $48. Stock get a Buy rating from Goldman on November 20, 2020.
