Impact of Brokerage Rating on Leggett & Platt, Incorporated(LEG)

Many Leggett & Platt, Incorporated(LEG) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Leggett & Platt was Upgraded by Raymond James to Strong Buy on Feb 1, 2017.

Company has reported several Insider transactions to the SEC, on Feb 9, 2017, Matthew C Flanigan (Executive Vice President – CFO) sold 25,000 shares at 48.61 per share price.On Feb 9, 2017, Karl G Glassman (President and CEO) sold 75,388 shares at 48.61 per share price.On Feb 8, 2017, David M Desonier (SVP – Strategy and IR) sold 6,490 shares at 48.69 per share price.

Leggett & Platt Last issued its quarterly earnings results on Jan 30, 2017. The company reported $0.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.58. The company had revenue of $903.70 million for the quarter, compared to analysts expectations of $921.94 million. The companys revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.

Leggett & Platt, Incorporated (NYSE:LEG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.2 by 5 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.

Leggett & Platt, Incorporated (NYSE:LEG): According to 4 Analysts, The short term target price has been estimated at $ 51.The target price could deviate by a maximum of $4.08 from the forecast price. In the near term, the target price could hit a high of $55 and a low of $ 47.

Leggett & Platt, Incorporated (NYSE:LEG) witnessed a decline in the market cap on Tuesday as its shares dropped 0.99% or 0.48 points. After the session commenced at $48.67, the stock reached the higher end at $48.79 while it hit a low of $48.125. With the volume soaring to 1,172,563 shares, the last trade was called at $48.2. The company has a 52-week high of $54.625. The company has a market cap of $6,435 million and there are 133,500,000 shares in outstanding. The 52-week low of the share price is $42.27.

Leggett & Platt, Inc. is one of the leading manufacturers of engineered products serving several major markets. Sales and production are focused on residential furnishings, commercial furnishings, aluminum products, industrial materials, and specialized products. The company has facilities throughout North America and in numerous international locations. (Company Press Release)


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