Leggett & Platt downgraded by Raymond James with a new price target
$LEG
Home Furnishings
Consumer Discretionary
Raymond James downgraded Leggett & Platt from Strong Buy to Outperform and set a new price target of $48.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $11.00 → $13.00 | Underweight → Neutral | Piper Sandler |
| 4/11/2023 | $39.00 → $34.00 | Buy → Neutral | Goldman |
| 12/12/2022 | $31.00 → $24.00 | Neutral → Underweight | Piper Sandler |
| 5/4/2022 | Outperform → Mkt Perform | Raymond James | |
| 2/9/2022 | $55.00 → $50.00 | Outperform | Raymond James |
| 11/3/2021 | $60.00 → $55.00 | Outperform | Raymond James |
CARTHAGE, Mo., Nov. 7, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the fourth quarter 2024. The dividend will be paid on January 15, 2025 to shareholders of record on December 13, 2024. FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION: Leggett & Platt (NYSE:LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 141-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture component
CARTHAGE, Mo., Oct. 28, 2024 /PRNewswire/ -- 3Q sales of $1.1 billion, a 6% decrease vs 3Q233Q EPS of $.33; 3Q adjusted1 EPS of $.32, a $.04 decrease vs adjusted1 3Q23 EPS2024 EPS guidance is ($3.56)–($3.71), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs2024 guidance lowered: adjusted1 EPS of $1.00–$1.10, sales of $4.3–$4.4 billionPresident and CEO Karl Glassman commented, "We continued to make solid progress on our restructuring and operating efficiency improvement initiatives, although demand headwinds were more challenging than anticipated in the third quarter. Despite weaker than expected results, we paid down $
Carthage, MO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release third quarter earnings results on Monday, October 28, 2024 after the market closes, and hold its quarterly conference call to discuss third quarter results, annual guidance, market conditions, and related matters on Tuesday, October 29, 2024, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). This call will be webcast and can be accessed from the Investor Relations section of Leggett & Platt's website at www.leggett.com. Dial in information
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Goldman Sachs analyst Susan Maklari maintains Leggett & Platt (NYSE:LEG) with a Neutral and lowers the price target from $14 to $12.
Throughout the last three months, 4 analysts have evaluated Leggett & Platt (NYSE:LEG), offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 2 1 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Leggett & Platt, presenting an average target of $12.75, a high estimate of $14.00, and a low estimate of $11.00. A decline of 2
Truist Securities analyst Keith Hughes maintains Leggett & Platt (NYSE:LEG) with a Hold and lowers the price target from $13 to $11.
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4 - LEGGETT & PLATT INC (0000058492) (Issuer)
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Piper Sandler upgraded Leggett & Platt from Underweight to Neutral and set a new price target of $13.00 from $11.00 previously
Goldman downgraded Leggett & Platt from Buy to Neutral and set a new price target of $34.00 from $39.00 previously
Piper Sandler downgraded Leggett & Platt from Neutral to Underweight and set a new price target of $24.00 from $31.00 previously
CARTHAGE, Mo., Nov. 7, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the fourth quarter 2024. The dividend will be paid on January 15, 2025 to shareholders of record on December 13, 2024. FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION: Leggett & Platt (NYSE:LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 141-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture component
CARTHAGE, Mo., Oct. 28, 2024 /PRNewswire/ -- 3Q sales of $1.1 billion, a 6% decrease vs 3Q233Q EPS of $.33; 3Q adjusted1 EPS of $.32, a $.04 decrease vs adjusted1 3Q23 EPS2024 EPS guidance is ($3.56)–($3.71), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs2024 guidance lowered: adjusted1 EPS of $1.00–$1.10, sales of $4.3–$4.4 billionPresident and CEO Karl Glassman commented, "We continued to make solid progress on our restructuring and operating efficiency improvement initiatives, although demand headwinds were more challenging than anticipated in the third quarter. Despite weaker than expected results, we paid down $
Carthage, MO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release third quarter earnings results on Monday, October 28, 2024 after the market closes, and hold its quarterly conference call to discuss third quarter results, annual guidance, market conditions, and related matters on Tuesday, October 29, 2024, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). This call will be webcast and can be accessed from the Investor Relations section of Leggett & Platt's website at www.leggett.com. Dial in information
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NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
CARTHAGE, Mo., May 21, 2024 /PRNewswire/ -- Karl Glassman appointed President and CEO and will continue to serve as Board ChairmanMitch Dolloff resigned as President and CEO and a member of the BoardDiversified manufacturer Leggett & Platt announced that its Board of Directors has appointed Karl Glassman as President and Chief Executive Officer, effective immediately. Karl will continue to serve as Board Chairman. This follows the decision by Mitch Dolloff to resign as Chief Executive Officer and a member the Board, also effective immediately, having mutually agreed with the Board that now is the right time for a change in leadership at Leggett & Platt. Mitch will serve in a consulting capac
CARTHAGE, Mo., June 22, 2023 /PRNewswire/ -- Diversified manufacturer Leggett & Platt announced that its Board of Directors appointed Benjamin M. Burns as Executive Vice President and Chief Financial Officer effective June 21, 2023. Ben replaces Jeffrey L. Tate, who departed from his position effective the same day. President and CEO Mitch Dolloff commented, "I am pleased to announce that Ben Burns will serve as CFO. He is a 20-year veteran of Leggett & Platt who brings tremendous business, financial, accounting and auditing capabilities, and has proven himself an outstanding leader. We have worked closely together, and I have absolute confidence in his ability to successfully lead our finan