In yesterday’s Wall Street session, Leggett & Platt, Inc. (NYSE:LEG) shares traded at $12.08, up 1.77% from the previous session.
LEG stock price is now -12.46% away from the 50-day moving average and -42.25% away from the 200-day moving average. The market capitalization of the company currently stands at $1.62B.
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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, BURNS BENJAMIN MICHAEL, Executive Vice President – CFO bought 3,850 shares of the company’s stock on Jun 06 ’24. The stock was bought for $46,957 at an average price of $12.20. Upon completion of the transaction, the Executive Vice President – CFO now directly owns 81,362 shares in the company, valued at $0.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, Director Padmanabhan Srikanth bought 10,000 shares of the business’s stock. A total of $120,649 was incurred on buying the stock at an average price of $12.06. This leaves the insider owning 38,623 shares of the company worth $0.47 million. A total of 2.17% 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 $31.14. 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 $13.6748 and a two-hundred day moving average price translates $20.84125 for the stock.
The latest earnings results from Leggett & Platt, Inc. (NYSE: LEG) was released for 2024-03-31. 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.
