Analyst Rating Update on Leggett & Platt Incorporated (LEG)

Leggett & Platt Incorporated (LEG) : Zacks Investment Research ranks Leggett & Platt Incorporated (LEG) as 4, which is a Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 3.5, which indicates as a Hold.

Leggett & Platt Incorporated (LEG) : Currently there are 2 street experts covering Leggett & Platt Incorporated (LEG) stock. The most bullish and bearish price target for the stock is $51 and $50 respectively for the short term. The average price target of all the analysts comes to $50.5. The estimated standard deviation from the target is $0.71.

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


Leggett & Platt Incorporated (NYSE:LEG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.29 and $51.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.63, notching a gain of 0.90% for the day. The total traded volume was 1,067,708 . The stock had closed at $51.17 on the previous day.

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.

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