Leggett & Platt Incorporated (LEG) : 4 analysts are covering Leggett & Platt Incorporated (LEG) and their average rating on the stock is 3.5, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Company shares have received an average consensus rating of Hold for the current week Leggett & Platt Incorporated (NYSE:LEG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.88 and $52.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.90, notching a gain of 0.51% for the day. The total traded volume was 495,679 . The stock had closed at $52.63 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Glassman Karl G, director officer (President & CEO) of Leggett & Platt Inc, had unloaded 22,580 shares at an average price of $50.07 in a transaction dated on June 17, 2016. The total value of the transaction was worth $1,130,581.
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.