Zacks Investment Research upgraded Leggett & Platt, Inc. (NYSE:LEG) to Hold in a report released today.
- Updated: October 13, 2016
Zacks Investment Research has upgraded Leggett & Platt, Inc. (NYSE:LEG) to Hold in a report released on 10/13/2016.
Yesterday Leggett & Platt, Inc. (NYSE:LEG) traded 0.42% higher at $45.66. The company’s 50-day moving average is $49.16 and its 200-day moving average is $50.02. The last closing price is down -8.48% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 659,947 shares of the stock traded hands, down from an average trading volume of 924,180
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Leggett & Platt, Inc. has a 52 week low of $36.64 and a 52 week high of $54.63 with a P/E ratio of 16.74 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 4 brokers have issued a research note on the company. The average stock price target is $50.25 with 1 broker rating the stock a strong buy, 1 broker rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Leggett & Platt, Inc. (NYSE:LEG)
Leggett & Platt, Incorporated is a manufacturer of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. The Residential Furnishings segment manufactures steel coiled bedsprings. In the Commercial Products segment, it designs, manufactures and distributes a range of components and finished products for the office seating and specialty retail markets. The Company's Specialized Products segment designs, manufactures and sells products, including automotive seating components, tubing for the aerospace industry, specialized machinery and equipment, and service van interiors. The Company's brands include ComfortCore, Mira-Coil, VertiCoil, Lura-Flex, Superlastic, Semi-Flex, Active Support Technology, Super Sagless, No-Sag, LPSense, Hanes, Schukra, Pullmaflex, Flex-O-Lator, Gribetz and Porter.
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