Zacks Rating on Leggett & Platt Incorporated (LEG)

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.

Leggett & Platt Incorporated (LEG) : 2 investment research analysts covering Leggett & Platt Incorporated (LEG) have an average price target of $48.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $52 and the lowest target is $45 for the short term. Analysts expect the variance to be within $4.95 of the average price.


Shares of Leggett & Platt, Incorporated appreciated by 0.33% during the last five trading days but lost 2.52% on a 4-week basis. Leggett & Platt, Incorporated is up 5.22% in the last 3-month period. Year-to-Date the stock performance stands at 25.8%. Leggett & Platt Incorporated (NYSE:LEG): On Tuesdays trading session , Opening price of the stock was $52.48 with an intraday high of $52.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $52.055. However, the stock managed to close at $52.14, a loss of 0.52% for the day. On the previous day, the stock had closed at $52.41. The total traded volume of the day was 1,170,474 shares.

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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