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Leggett & Platt Inc (LEG) Stock Forecast & Price Prediction

Live LEG Stock Price & Analysis

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$10.45

+0.45 (4.50%)

12 Month Price Forecast For LEG

$10.45
Current Price
$1.40B
Market Cap
4 Ratings
Buy 0
Hold 4
Sell 0
Wall St Analyst Ratings

Distance to LEG Price Forecasts

+14.8%
To High Target of $12.00
+14.8%
To Median Target of $12.00
+5.3%
To Low Target of $11.00

LEG Price Momentum

+4.7%
1 Week Change
-2.6%
1 Month Change
-47.9%
1 Year Change
+8.9%
Year-to-Date Change
-50.3%
From 52W High of $21.03
+13.8%
From 52W Low of $9.18

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 15, 2025 5:16 PM UTC

LEG Analyst Ratings & Price Targets

Based on our analysis of 5 Wall Street analysts, LEG has a neutral consensus with a median price target of $12.00 (ranging from $11.00 to $12.00). The overall analyst rating is Buy (6.0/10). Currently trading at $10.45, the median forecast implies a 14.8% upside. This outlook is supported by 0 Buy, 4 Hold, and 0 Sell ratings.

The most optimistic forecast comes from Susan Maklari at Goldman Sachs, projecting a 14.8% upside. Conversely, the most conservative target is provided by Keith Hughes at Truist Securities, suggesting a 5.3% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

LEG Analyst Consensus

0
Buy
4
Hold
0
Sell

LEG Price Target Range

Low
$11.00
Average
$12.00
High
$12.00
Current: $10.45

Latest LEG Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for LEG.

Date Firm Analyst Rating Change Price Target
Jan 29, 2025 Truist Securities Keith Hughes Hold Maintains $11.00
Jan 14, 2025 Goldman Sachs Susan Maklari Neutral Maintains $12.00
Oct 30, 2024 Piper Sandler Peter Keith Neutral Upgrade $13.00
Aug 5, 2024 Truist Securities Keith Hughes Hold Maintains $13.00
Jul 10, 2024 Goldman Sachs Susan Maklari Neutral Maintains $12.00
Jun 27, 2024 Truist Securities Keith Hughes Hold Maintains $11.00
May 3, 2024 Truist Securities Keith Hughes Hold Maintains $13.00
May 2, 2024 Goldman Sachs Susan Maklari Neutral Maintains $14.00
May 1, 2024 Piper Sandler Peter Keith Underweight Maintains $13.00
Mar 26, 2024 Truist Securities Keith Hughes Hold Maintains $16.00
Mar 12, 2024 Piper Sandler Peter Keith Underweight Reiterates $16.00
Feb 13, 2024 Truist Securities Keith Hughes Hold Maintains $18.00
Nov 1, 2023 Goldman Sachs Susan Maklari Neutral Maintains $24.00
Nov 1, 2023 Piper Sandler Peter Keith Underweight Maintains $18.00
Nov 1, 2023 Truist Securities Keith Hughes Hold Maintains $24.00
Oct 17, 2023 Truist Securities Keith Hughes Hold Maintains $26.00
Aug 2, 2023 Truist Securities Keith Hughes Hold Maintains $31.00
Apr 11, 2023 Goldman Sachs Susan Maklari Neutral Downgrade $34.00
Feb 8, 2023 Piper Sandler Peter Keith Underweight Maintains $21.00
Dec 12, 2022 Piper Sandler Peter Keith Underweight Downgrade $24.00

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The following stocks are similar to Leggett & Platt based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Leggett & Platt Inc (LEG) Financial Data

Leggett & Platt Inc has a market capitalization of $1.40B with a P/E ratio of 13.0x. The company generates $4.38B in trailing twelve-month revenue with a -11.7% profit margin.

Revenue growth is -5.3% quarter-over-quarter, while maintaining an operating margin of +4.4% and return on equity of -50.5%.

Valuation Metrics

Market Cap $1.40B
Enterprise Value $3.14B
P/E Ratio 13.0x
PEG Ratio 8.9x
Price/Sales 0.3x

Growth & Margins

Revenue Growth (YoY) -5.3%
Gross Margin +18.2%
Operating Margin +4.4%
Net Margin -11.7%
EPS Growth -6.3%

Financial Health

Cash/Price Ratio +24.4%
Current Ratio 2.0x
Debt/Equity 296.8x
ROE -50.5%
ROA +3.3%

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Leggett & Platt Inc logo

Leggett & Platt Inc (LEG) Company Overview

About Leggett & Platt Inc

What They Do

Designs and manufactures engineered components and products.

Business Model

The company operates through three main segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. It generates revenue by selling a wide range of engineered components and finished goods to various industries, including bedding, automotive, and furniture manufacturing, as well as retail and e-commerce markets.

Additional Information

Founded in 1883 and headquartered in Carthage, Missouri, Leggett & Platt has a diverse product portfolio that includes steel rods, innersprings, specialty foams, and automotive seating systems. Its extensive market reach spans the United States, Europe, China, Canada, and Mexico, providing a robust foundation for growth in multiple sectors.

Company Information

Sector

Consumer Cyclical

Industry

Furnishings, Fixtures & Appliances

Employees

19,300

CEO

Mr. Karl G. Glassman

Country

United States

IPO Year

1987

Leggett & Platt Inc (LEG) Latest News & Analysis

LEG stock latest news image
Quick Summary

LEG's Q4 fiscal 2024 performance is projected to decline due to weak demand across most of its markets.

Why It Matters

LEG's weak fourth-quarter performance signals declining demand, potentially affecting revenue and profitability, which can lead to lower stock valuations and investor sentiment.

Source: Zacks Investment Research
Market Sentiment: Neutral
LEG stock latest news image
Quick Summary

Leggett & Platt (LEG) is expected to report its Q4 2024 performance, with a focus on key metrics beyond Wall Street's revenue and earnings estimates.

Why It Matters

Insight into Leggett & Platt's key metrics can reveal underlying performance trends, influencing stock valuation and investment decisions for the upcoming quarter.

Source: Zacks Investment Research
Market Sentiment: Neutral
LEG stock latest news image
Quick Summary

Leggett & Platt (NYSE:LEG) will release Q4 and full-year earnings on February 13, 2025, and hold a conference call on February 14 at 8:30 a.m. ET to discuss results and guidance.

Why It Matters

Upcoming earnings results and guidance from Leggett & Platt can impact stock performance and investor sentiment, influencing trading strategies and portfolio adjustments.

Source: GlobeNewsWire
Market Sentiment: Neutral
LEG stock latest news image
Quick Summary

Zacks utilizes the Zacks Rank system, focusing on earnings estimates and revisions, while also monitoring value, growth, and momentum trends for stock selection.

Why It Matters

The Zacks Rank system highlights earnings estimates and revisions, key indicators of stock performance, helping investors identify strong stock picks based on current market trends.

Source: Zacks Investment Research
Market Sentiment: Positive
LEG stock latest news image
Quick Summary

Procter & Gamble offers a 2.44% yield with a 73% payout ratio, while Coca-Cola has a 3.14% yield and a 62% payout ratio, both strong long-term dividend investments despite short-term challenges.

Why It Matters

Procter & Gamble and Coca-Cola's strong dividends and solid fundamentals, despite short-term challenges, indicate stability and potential for long-term income, appealing to income-focused investors.

Source: Seeking Alpha
Market Sentiment: Positive
LEG stock latest news image
Quick Summary

Leggett & Platt's restructuring aims to boost margins and cash flow, with stock priced at $9-$10 seen as undervalued. A stock buyback at $20 indicates confidence, while a potential Aerospace sale could enhance cash and valuation.

Why It Matters

Leggett & Platt's plans to boost margins and cash flow, alongside stock buybacks and potential asset sales, signal strong upside potential, indicating the stock may be undervalued.

Source: Seeking Alpha
Market Sentiment: Positive

Frequently Asked Questions About LEG Stock

What is Leggett & Platt Inc's (LEG) stock forecast for 2025?

Based on our analysis of 5 Wall Street analysts, Leggett & Platt Inc (LEG) has a median price target of $12.00. The highest price target is $12.00 and the lowest is $11.00.

Is LEG stock a good investment in 2025?

According to current analyst ratings, LEG has 0 Buy ratings, 4 Hold ratings, and 0 Sell ratings. The stock is currently trading at $10.45. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for LEG stock?

Wall Street analysts predict LEG stock could reach $12.00 in the next 12 months. This represents a 14.8% increase from the current price of $10.45. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Leggett & Platt Inc's business model?

The company operates through three main segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. It generates revenue by selling a wide range of engineered components and finished goods to various industries, including bedding, automotive, and furniture manufacturing, as well as retail and e-commerce markets.

What is the highest forecasted price for LEG Leggett & Platt Inc?

The highest price target for LEG is $12.00 from Susan Maklari at Goldman Sachs, which represents a 14.8% increase from the current price of $10.45.

What is the lowest forecasted price for LEG Leggett & Platt Inc?

The lowest price target for LEG is $11.00 from Keith Hughes at Truist Securities, which represents a 5.3% increase from the current price of $10.45.

What is the overall LEG consensus from analysts for Leggett & Platt Inc?

The overall analyst consensus for LEG is neutral. Out of 5 Wall Street analysts, 0 rate it as Buy, 4 as Hold, and 0 as Sell, with a median price target of $12.00.

How accurate are LEG stock price projections?

Stock price projections, including those for Leggett & Platt Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.