In yesterday’s Wall Street session, Leggett & Platt, Inc. (NYSE:LEG) shares traded at $11.60, up 5.26% from the previous session.
LEG stock price is now -26.35% away from the 50-day moving average and -47.38% away from the 200-day moving average. The market capitalization of the company currently stands at $1.55B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $39 to $34, Goldman Downgraded its rating from Buy to Neutral for Leggett & Platt, Inc. (NYSE: LEG). On December 12, 2022, Piper Sandler Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $31 to quote $24, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, KLEIBOEKER RYAN MICHAEL, EVP-Chief Strategic Plan. Off. bought 10,000 shares of the company’s stock on May 30 ’24. The stock was bought for $109,499 at an average price of $10.95. Upon completion of the transaction, the EVP-Chief Strategic Plan. Off. now directly owns 52,110 shares in the company, valued at $0.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, Director BLINN MARK A bought 6,000 shares of the business’s stock. A total of $64,439 was incurred on buying the stock at an average price of $10.74. This leaves the insider owning 32,302 shares of the company worth $0.37 million. A total of 2.13% of the company’s stock is owned by insiders.
During the past 12 months, Leggett & Platt, Inc. has had a low of $10.11 and a high of $32.86. As of last week, the company has a debt-to-equity ratio of 1.78, a current ratio of 1.57, and a quick ratio of 0.89. The fifty day moving average price for LEG is $15.6038 and a two-hundred day moving average price translates $21.95915 for the stock.
The latest earnings results from Leggett & Platt, Inc. (NYSE: LEG) was released for 2024-03-31. According to the Furnishings, Fixtures & Appliances Company, earnings per share came in at 0.38, missing analysts’ expectations of 0.39 by -0.01. This compares to $0.39 EPS in the same period last year. The net profit margin was -3.44% and return on equity was -10.74% for LEG. The company reported revenue of $1.1 billion for the quarter, compared to $1.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.62 percent. For the current quarter, analysts expect LEG to generate $1.13B in revenue.
