(LEG) Leggett & Platt - Ratings and Ratios

Leggett & Platt Incorporated is a diversified manufacturer of engineered components and products, serving various industries worldwide, including bedding and furniture, automotive, aerospace, and office furniture. The companys extensive product portfolio includes steel rod, drawn wire, innersprings, and specialty foam chemicals, as well as mechanical and pneumatic lumbar support systems, titanium and stainless-steel tubing, and engineered hydraulic cylinders.

The companys products cater to a broad customer base, including manufacturers of finished bedding, bedding brands, mattress retailers, e-commerce retailers, big box retailers, department stores, home improvement centers, automobile original equipment manufacturers (OEMs), aerospace OEMs, and mobile equipment OEMs. Leggett & Platts diverse customer base and global presence, with operations in the United States, Europe, China, Canada, Mexico, and internationally, contribute to its stability and growth potential.

From a technical analysis perspective, the stocks current price is $9.24, with a 20-day simple moving average (SMA) of $9.11 and a 50-day SMA of $8.48, indicating a potential bullish trend. However, the 200-day SMA stands at $10.29, suggesting a longer-term bearish trend. The average true range (ATR) is $0.30, representing a 3.23% daily price movement. Considering the 52-week high and low of $13.90 and $6.53, respectively, the stock is currently trading near the lower end of its recent price range.

Combining the technical analysis with fundamental data, we observe a market capitalization of $1.25 billion and a return on equity (RoE) of -72.04%, indicating significant losses. Given the negative P/E ratio and forward P/E ratio, the companys current financial performance is a concern. However, the stocks price movement and technical indicators suggest a potential rebound. Based on the available data, a forecast for Leggett & Platt Incorporated could be that the stock may experience a short-term bullish trend, potentially reaching $10.50, driven by the companys diversified product portfolio and global presence. Nevertheless, the longer-term outlook remains uncertain due to the companys current financial struggles, and a sustained recovery will depend on Leggett & Platts ability to address its underlying issues and return to profitability.