Leggett & Platt, Incorporated (NYSE:LEG) Given Price Target Of $50.5


As per Leggett & Platt, Incorporated (NYSE:LEG)’s news release on 2016-05-17, its shareholders will get cash dividend of $0.34 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-15 and 2016-07-15, respectively.

The stock of Leggett & Platt, Incorporated (NYSE:LEG) will commence trading ex-dividend from 2016-06-13, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Leggett & Platt, Incorporated (NYSE:LEG) disbursed $1.3 in dividend compared to distribution of $1.22, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 3.2787%.

The past track record of five years substantiates that the average payout of Leggett & Platt, Incorporated (NYSE:LEG) stands at $1.18, implying 3.5173% growth. The company recorded earnings of $0.53 a share in the preceding fiscal.

The interim price target for Leggett & Platt, Incorporated (NYSE:LEG) is set at $50.5. This level is the mean price reached by averaging the stock views of 2 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $51 and the lowest level is established at 50. This broad range highlights a standard deviation of $0.707 in reported estimates.

AlphaOne has allotted A sentiment score of 0.685 to Leggett & Platt, Incorporated (NYSE:LEG) while impact score assigned is 0 as on as on 2016-06-14.

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