Leggett & Platt Inc (NYSE: LEG) stock suffered a major decline of -26.7% on 5/1/24. The shares closed at $13.25. Moreover, exceptionally high trading volume at 794% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -27.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LEG is expected to continue to be an important Value Builder.
Leggett & Platt has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Leggett & Platt has a slightly negative Appreciation Score of 32 and a very low Power Rating of 7, and the Lowest Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
Be the first to comment