The 52-week high/low is a significant indicator in the world of securities. It represents the highest and lowest prices at which a particular security, like a stock, has been traded over the course of a year. This metric is derived from the daily closing prices of the security.
Interestingly, there are instances where a stock may surpass its 52-week high intraday, only to close below the previous high. This occurrence often goes unnoticed, as it fails to be recognized as a new 52-week high. Similarly, a stock might hit a new 52-week low during a trading session but fail to close at that low. Again, this failure to register as a new closing 52-week low can hold significant implications.
It’s crucial to acknowledge that pre-market and after-hours trading can impact stock prices and carry over to the subsequent regular trading session. For instance, if a stock like LEG falls below its 52-week low of $26.0 during the pre-market session, it implies that the stock price has dipped below its lowest point in the past year during the pre-market trading hours.
Leggett & Platt, Incorporated
LEG
Strong Buy
Updated on: 03/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
LEG Stock Analysis: Mixed Performance on September 14, 2023 with Optimism for Future Growth
LEG stock had a mixed performance on September 14, 2023. The stock opened at $26.75, slightly higher than the previous day’s closing price of $26.70. Throughout the day, the stock’s price fluctuated within a range of $26.26 to $26.84. The trading volume was relatively low, with only 554 shares traded. Leggett & Platt Incorporated is a company in the consumer durables sector, specifically in the home furnishings industry. It has a market capitalization of $3.6 billion. The company’s financial performance has been challenging, with negative earnings growth both last year (-22.90%) and this year (-28.19%). However, there is optimism for the future, as analysts forecast a positive earnings growth of 10.00% over the next five years. In terms of revenue growth, Leggett & Platt experienced a modest increase of 1.66% last year. The company’s price-to-earnings (P/E) ratio is 15.5, indicating that investors are willing to pay 15.5 times the company’s earnings per share (EPS) for its stock. The price-to-sales ratio is 0.85, suggesting that the stock is undervalued relative to its sales. The price-to-book ratio is 2.16, indicating that the stock is trading at a premium compared to its book value. On September 14, 2023, LEG stock had a slight decline of $0.40, representing a decrease of 1.54% from the previous day’s closing price. Leggett & Platt’s next reporting date is scheduled for October 31, 2023. Analysts forecast an EPS of $0.45 for the current quarter. The company reported annual revenue of $5.1 billion and a profit of $309.8 million last year, resulting in a net profit margin of 6.02%. Leggett & Platt Incorporated is headquartered in Carthage, Missouri. The company operates in the home furnishings industry, manufacturing a wide range of products for residential and commercial use.
LEG Stock Performance on September 14, 2023: Analysts Predict 20.02% Increase, Hold Rating, and Upcoming Financial Report
LEG stock performances on September 14, 2023 were closely watched by investors and analysts. According to data from CNN Money, three analysts have offered 12-month price forecasts for Leggett & Platt Inc, with a median target of $31.00. The high estimate is $32.00, while the low estimate is $21.00. This median estimate represents a 20.02% increase from the last price of $25.83.
The current consensus among four polled investment analysts is to hold stock in Leggett & Platt Inc. This rating has remained steady since April, when it was unchanged from a hold rating. This indicates that analysts are not recommending buying or selling the stock at the moment, but rather holding onto it.
Leggett & Platt Inc reported earnings per share of $0.45 for the current quarter. This indicates the company’s profitability and ability to generate earnings. Additionally, the company reported sales of $1.3 billion for the same period, highlighting its revenue generation capabilities.
Investors and analysts will be eagerly awaiting the company’s reporting date, which is scheduled for October 31. This will provide further insight into Leggett & Platt Inc’s financial performance and may impact the stock’s future trajectory.
Overall, the stock performances of Leggett & Platt Inc on September 14, 2023, were influenced by the 12-month price forecasts provided by analysts. The median target of $31.00 represents a potential increase of 20.02% from the last price. However, the current consensus among analysts is to hold the stock, indicating a cautious approach. Investors will be monitoring the company’s upcoming financial report to gain a better understanding of its performance and make informed investment decisions.
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