LEG stock: buy or sell?
February 24th, 2020
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products.
Should I buy LEG stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Leggett & Platt stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Leggett & Platt stock a buy?
Banks and financial institutions post stock ratings everyday.Unfortunately, we couldn't detect any rating for LEG stock for the last month.
LEG stock analysis
Shares of Leggett & Platt ended today at $43.15 and plunged a terrifying -3.36%.
Leggett & Platt shares plunged -3.36% to $43.15 today. In this session, Leggett & Platt stock crossed down the SMA200d line. If you are using SMA200d line as stop loss trigger, double check your position in this stock. Since SMA100d and SMA200d crossed up on November, LEG price slid a -20.27%. LEG marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $46.14 would break this short term down trend and open possibilities for reversing this situation. On November, LEG hit new all time highs, pushing higher previous ATH of $54.80 recorded on November. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Leggett & Platt closed this week at $43.15 and dropped a tragic -3.36%. Early February LEG plunged a dreadful -5.54% in just one week.
Leggett & Platt finally fell through the support and now is sliding further into lower prices looking for new supports. This week, Leggett & Platt stock lost the significant level of the 40-weeks moving average. Stocks below the 200 days moving average line are usually not recommended for average traders. Far behind is the all-time high Leggett & Platt recorded early November and since then the price is -21.53% below that top. Since SMA20w and SMA40w crossed up early November, LEG price slid a -15.19%.
LEG stock price history
LEG IPO was on March 17th, 1980 at $0.00 per share1. Since then, LEG stock grew a inf%, with a yearly average of inf%. If you had invested right after LEG's IPO a $1,000 in LEG stock in 1980, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits.
LEG stock historical price chart
LEG stock reached all-time highs on November with a price of $54.99.
LEG stock price targetHow much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not found any price forecast for Leggett & Platt stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on April, Leggett & Platt . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a more than good growth of 8.26% to $4,269.50 M dollars. Nevertheless, its earnings margin (compared to sales) stayed stable to 7.16%, that is $305.90 million. Leggett & Platt presents anual results in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Leggett & Platt TTM sales up to March 2019 were $4,395.80 and earnings $289.20 M USD. When comparing this TTM figures with the last reported annuality, we can esteem Leggett & Platt business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, inched a tiny 2.96%. Regarding profit margin, Leggett & Platt remained stable -0.59% to 7.16%
|2013||$3,740 M||-||$190 M5.1%||-|
|2014||$3,782 M||1.13%||$98 M2.6%||-48.53%|
|2015||$3,917 M||3.57%||$325 M8.3%||231.73%|
|2016||$3,750 M||-4.27%||$386 M10.3%||18.67%|
|2017||$3,944 M||5.17%||$293 M7.4%||-24.16%|
|2018||$4,270 M||8.26%||$306 M7.2%||4.55%|
|TTM||$4,396 M||2.96%||$289 M6.6%||-5.46%|
Quarterly financial resultsLeggett & Platt posted $1,155.10 million in revenues for 2019-Q1, a 10.36% up compared to previous quarter. Reported quarter income marked $61.20 million with a profit margin of 5.30%. Profit margin remained steady a 0.23% compared to previous quarter when profit margin was 5.06%. When comparing revenues to same quarter last year, Leggett & Platt sales marked an outstanding gain and rocketed a 12.28%.
|2017-Q2||$989 M||-||$88 M8.9%||-|
|2017-Q3||$1,010 M||2.08%||$84 M8.3%||-4.68%|
|2017-Q4||$985 M||-2.52%||$36 M3.7%||-56.53%|
|2018-Q1||$1,029 M||4.50%||$78 M7.6%||114.60%|
|2018-Q2||$1,103 M||7.16%||$85 M7.7%||9.11%|
|2018-Q3||$1,092 M||-1.00%||$90 M8.2%||5.88%|
|2018-Q4||$1,047 M||-4.10%||$53 M5.1%||-41.11%|
|2019-Q1||$1,155 M||10.36%||$61 M5.3%||15.47%|
Leggett & Platt ownershipWhen you are planning to buy shares of a stock, it's worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Leggett & Platt, 1.16% of all outstanding shares are owned by its staff.
In case of Leggett & Platt stock, 76.74% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for LEG stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Leggett & Platt:
|Market cap||$5.7 B|
|Total shares||131.6 M|
|Float shares||130.5 M|
|- Institutional holdings (%)||76.7%|
|- Insider holdings (%)||1.2%|
|Shares in short selling||0.0%|
|Monday, February 24th, 2020|
|Day range||$42.79 - $43.57|
|Average true range||$1.14|
|50d mov avg||$49.08|
|100d mov avg||$48.56|
|200d mov avg||$43.23|
Leggett & Platt performanceTo measure stock performance is always good to compare with competitors or related stocks. For Leggett & Platt, the benchmark is made against .
|LEGLeggett & Platt||-16.88%||18.06%||-2.64%|
Leggett & Platt competitorsUnfortunately, we could not find any public company that could be defined as Leggett & Platt competitor. This doesn't mean Leggett & Platt does not have any competitor in the market, it's just we could not detected it.
Latest LEG stock news
- InvestorPlace3 Big Stock Charts for Wednesday: United Technologies, Abbott Laboratories and Leggett & PlattJuly 18, 2018