Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $12.75 in the prior trading day, Leggett & Platt, Inc (NYSE: LEG) closed at $12.51, down -1.88%. In other words, the price has decreased by -$1.88 from its previous closing price. On the day, 1.3 million shares were traded. LEG stock price reached its highest trading level at $12.7 during the session, while it also had its lowest trading level at $12.26.
Ratios:
Our goal is to gain a better understanding of LEG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.82. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 1.48. In the meantime, Its Debt-to-Equity ratio is 2.80 whereas as Long-Term Debt/Eq ratio is at 2.32.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on October 30, 2024, Upgraded its rating to Neutral and sets its target price to $13 from $11 previously.
On April 11, 2023, Goldman Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $39 to $34.
Piper Sandler Downgraded its Neutral to Underweight on December 12, 2022, whereas the target price for the stock was revised from $31 to $24.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 06 ’24 when BURNS BENJAMIN MICHAEL bought 3,850 shares for $12.20 per share. The transaction valued at 46,957 led to the insider holds 81,362 shares of the business.
Padmanabhan Srikanth bought 10,000 shares of LEG for $120,649 on Jun 05 ’24. The Director now owns 38,623 shares after completing the transaction at $12.06 per share. On Jun 04 ’24, another insider, DAVIS JENNIFER JOY, who serves as the EVP – GENERAL COUNSEL of the company, bought 1,985 shares for $12.50 each. As a result, the insider paid 24,812 and bolstered with 42,148 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LEG now has a Market Capitalization of 1680030592 and an Enterprise Value of 3479928064. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 2.27. Its current Enterprise Value per Revenue stands at 0.783 whereas that against EBITDA is 8.523.
Stock Price History:
Over the past 52 weeks, LEG has reached a high of $27.58, while it has fallen to a 52-week low of $10.11. The 50-Day Moving Average of the stock is -0.85%, while the 200-Day Moving Average is calculated to be -10.77%.
Shares Statistics:
The stock has traded on average 1.66M shares per day over the past 3-months and 1493670 shares per day over the last 10 days, according to various share statistics. A total of 134.29M shares are outstanding, with a floating share count of 131.42M. Insiders hold about 2.14% of the company’s shares, while institutions hold 76.00% stake in the company. Shares short for LEG as of 1731628800 were 4509578 with a Short Ratio of 2.71, compared to 1728950400 on 6220664. Therefore, it implies a Short% of Shares Outstanding of 4509578 and a Short% of Float of 3.92.
Dividends & Splits
In the trailing 12 months, LEG’s forward annual dividend rate was 1.02, compared to 1.02 this year. Against a Trailing Annual Dividend Yield of 0.08The stock’s 5-year Average Dividend Yield is 5.64.
