Friday, 23 February 2024

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Goldman Sachs Remains a Hold on Leggett & Platt (LEG) – TipRanks Financial Blog

Robust Growth Predicted Amid Gross Margin Expansion and Stable Revenue – An In-Depth Analysis by Robert Drbul – TipRanks Financial Blog

Goldman Sachs analyst Susan Maklari maintained a Hold rating on Leggett & Platt (LEGResearch Report) today. The company’s shares closed today at $20.46.

According to TipRanks, Maklari is a 4-star analyst with an average return of 4.5% and a 54.37% success rate. Maklari covers the Consumer Cyclical sector, focusing on stocks such as Installed Building Products, PulteGroup, and Meritage.

Leggett & Platt has an analyst consensus of Moderate Sell, with a price target consensus of $21.00.

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The company has a one-year high of $32.93 and a one-year low of $22.11. Currently, Leggett & Platt has an average volume of 1.4M.

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Leggett & Platt (LEG) Company Description:

Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components; and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding, Flooring & Textile, and Specialized Products. The Bedding Products segment supplies of products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Flooring & Textile Products segment is a producer of an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The Specialized Products segment supplies titanium, nickel, and stainless steel tubing for the aerospace industry, and serve the construction market with hydraulic cylinders group. The company was founded J. P. Productsand C. B. Platt in 1883 and is headquartered in Carthage, MO.

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