Analyzing Stocks On Analyst Opinion: Leggett & Platt, Incorporated (LEG), BlackBerry Limited (BB)

Leggett & Platt, Incorporated (NYSE:LEG) notched a -4.55% intraday decline moving at $47.2. When the opening bell rang, the price was $48.5. The number of shares that were traded during the day was 2.08 million, which corresponds to its 3-month volume average of 0.99 million shares a day.

Leggett & Platt, Incorporated (LEG) Analyst Opinion

Leggett & Platt, Incorporated has a consensus outperform rating from 8 Wall Street analysts, and the number of shares currently sold short amount to at least 3.95% of shares outstanding. The stock sank -1.11% last month and is down -3.44 this year. Wall Street is only getting more bullish on the stock, with 5 of analysts who cover LEG having a buy-equivalent rating. Analysts have placed a $54.29 price target on Leggett & Platt, Incorporated, suggesting a 15.02% gain from recent close. It’s currently trading about -14.13% below its 52-week high.

Leggett & Platt, Incorporated Earnings Surprise

Leggett & Platt, Incorporated (LEG) surprised the stock market in its last reported earnings when it earned $0.61 a piece versus the consensus-estimated $0.6. Its revenue totaled $1.01 billion up 2% from the previous quarter.

Leggett & Platt, Incorporated (NYSE:LEG) Intraday View

This stock (LEG) is ahead of its 52-week low with 9.35%. Its last month’s stock price volatility remained 3.04% which for the week stands at 1.56%. The share price has moved backward from its 20 days moving average, trading at a distance of -2.36% and stays 0.55% away from its 50 days moving average. Over the last five days, shares have faced -3.83% losses and now is down -5.04% since hitting its 200-day moving average of $49.92. Leggett & Platt, Incorporated (LEG) has made its way to a 12-month gain of 3.35%.

Turning to BlackBerry Limited (NYSE:BB), its shares were trading at $11.09 a gain of $0.4, on the trading floor. The stock, after opening at $10.67, touched a high of $11.09 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.9. BlackBerry Limited has 0 buy ratings, 10 holds and 0 sells even after the stock tumbled -5.86% from its high of $ 11.78 to a $5.91 billion market value through last close.

BlackBerry Limited (BB) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.88 to 2.88 during a month. Analysts set a 12-month price target of $10.32 a share. The target implies a -6.94% decrease from where the shares are currently trading. Also, the current price highlights a discount of 19.03% to analysts’ high consensus price target.

BlackBerry Limited (NYSE:BB) Intraday Trading

The counter witnessed a trading volume of 4.09 million shares versus an average volume of 5.84 million shares during last trading session. Its last month’s stock price volatility remained 2.18% which for the week approaches 2.29%. The lowest price the stock reached in the last trading day was $10.65 and compares with the $6.65 52-week low. The stock recovered 66.77% since its low point and has performed 60.96% year-to-date.

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