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Leggett & Platt (LEG) in Focus: Stock Moves 9.8% Higher
Leggett & Platt, Incorporated (LEG - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 22.9% in the past one-month time frame.
The move came after the company reported solid fourth-quarter 2018 results.
The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Leggett & Platt currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Leggett & Platt, Incorporated Price
Leggett & Platt, Incorporated Price | Leggett & Platt, Incorporated Quote
Investors interested in the Furniture industry may consider a better-ranked stock like WillScot Corporation (WSC - Free Report) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is LEG going up? Or down? Predict to see what others think:Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>