E Daily Stock Analysis: Leggett & Platt Inc

Leggett & Platt Inc has the ticker symbol LEG and is a member of the Consumer Cyclical sector as furniture fixtures and appliances company.  It has good value and strong fundamental scores on its track record but is now 19.25% over-priced based on its historic valuation. This is my second report of LEG in Vista. I previously talked about Leggett & Platt Inc on February 17,  three weeks ago.

Leggett & Platt Inc has found favor with investors lately. Half of the 4 analysts following LEG rate it a outperform the others say hold, a consensus outperforms.

Leggett & Platt designs and produces engineered components and products found in homes, offices, retail stores, automobiles, and commercial aircraft. 

It operates its business through four segments: residential products, furniture products, industrial products, and specialized products. Its products include components and machinery, steel infrastructure, furniture and components, and many others. 

The company operates all around the world, with the residential products and specialized products segments contributing heavily to the company’s revenue.

Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.

Three key data points gauge dividend equities or funds like Leggett & Platt Inc:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

LEG Price

Leggett's price per share closed at $47.34 Friday. A year ago its price was $37.76. Price per share has more than recovered from the Covid recession, being more than 25% above last year's mark. (Price is up $5.17 since I reported on it three weeks ago.)

If Leggett & Platt Inc stock trades in the range of $22 to $52 this year, its recent $47.34 price might rise by $2.66 to reach $50.00 by March 8, 2022. My estimate is higher than that of the four broker analyst projections. 

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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