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Is this Large Market Cap Stock target price reasonable for Leggett & Platt, Incorporated (NYSE:LEG)?

The company in question is, Leggett & Platt, Incorporated (NYSE:LEG) currently with a stock price of 45.73 (0.02% today). The market cap for Leggett & Platt, Incorporated is 6154.37, and is in the sector Consumer Goods, and Home Furnishings & Fixtures industry. The target price for Leggett & Platt, Incorporated is 49.8. Currently Leggett & Platt, Incorporated is trading with a P/E of 17.63, and a forward P/E of 17.04. Average volume for Leggett & Platt, Incorporated is 925.61 and so far today it is 291121.

Performance in the last year for Leggett & Platt, Incorporated has been 9.52%. For EPS growth, Leggett & Platt, Incorporated has seen a growth of 46.50%, and is looking to grow in the next year to 7.32%. More long term stats show that EPS growth has been 14.40% over the last five years and could be 3.85% for the next five years. Leggett & Platt, Incorporated has seen sales growth quarter over quarter at -3.90%, with EPS growth quarter over quarter at 36.10%. The 20-day simple moving average is -7.95%, with the 200-day simple moving average coming to -3.46%.

Since the IPO date for Leggett & Platt, Incorporated on the 11/05/1987, Leggett & Platt, Incorporated has seen performance year to date to be 11.07%. With Leggett & Platt, Incorporated trading at 45.73, the dividend yield is 2.97%, and the EPS is 2.59.

So could Leggett & Platt, Incorporated, be undervalued? Well as said before P/E is 17.63. The PEG is 4.58, P/S is 1.6 and the P/B is at 5.92. The P/cash is 21.61, with P/free cash flow at 29.04.

Leggett & Platt, Incorporated ability to deal with debt shows that the current ratio is 2, and the quick ratio is 1.2. This is with long term debt/equity at 0.98, and total debt/equity at 0.99.

In terms of margins, Leggett & Platt, Incorporated has a gross margin of 24.50%, an operating margin of 13.70% and a profit margin of 10.00%.Payout ratio for Leggett & Platt, Incorporated is 46.80%. Return on assets come to 12.80% with return on investment coming to 17.80%.

Insider ownership for Leggett & Platt, Incorporated, is at 1.40% and institutional ownership comes to 69.10%. Outstanding shares are at 134.61. While shares float is 130.54. The float short is currently 4.58%, and short ratio is 6.45.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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