Analyst Rating Update on Leggett & Platt Incorporated (LEG)

Leggett & Platt Incorporated (NYSE:LEG) : 4 analysts are covering Leggett & Platt Incorporated (NYSE:LEG) and their average rating on the stock is 2.75, which is read as a Hold. Leggett & Platt Incorporated (NYSE:LEG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Leggett & Platt Incorporated (NYSE:LEG) stock is expected to deviate a maximum of $0.71 from the average target price of $50.5 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $51 and the most muted being $50.

Company shares have received an average consensus rating of Hold for the current week

Leggett & Platt Incorporated (NYSE:LEG): stock turned positive on Tuesday. Though the stock opened at $48.42, the bulls momentum made the stock top out at $49.29 level for the day. The stock recorded a low of $48.3826 and closed the trading day at $49.29, in the green by 2.92%. The total traded volume for the day was 736,255. The stock had closed at $47.89 in the previous days trading.

In an insider trading activity,The director officer (President & CEO) of Leggett & Platt Inc, Glassman Karl G sold 22,580 shares at $50.07 on June 17, 2016. The Insider selling transaction had a total value worth of $1,130,581. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment, which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment, which include work furniture group that designs, manufactures, and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group, which operates a steel rod mill and tubing group, which supplies welded steel tubing and Specialized Products segment designs, manufactures and sells products, including automotive seating components, specialized machinery and equipment, and service van interiors. Its brands include Semi-Flex, ComfortCore, Mira-Coil, Lura-Flex, Superlastic, Super Sagless, Tack & Jump, Schukra, Gribetz, Masterack and Hanes, among others.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.