LeGrand SA (OTCMKTS:LGRDY) Receives Average Rating of “Hold” from Brokerages

LeGrand SA (OTCMKTS:LGRDY) has been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company.

LGRDY has been the topic of several recent analyst reports. Barclays upgraded shares of LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday, July 6th. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Evercore upgraded shares of LeGrand to a “hold” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. Finally, Zacks Research lowered LeGrand from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th.

LeGrand Price Performance

LeGrand stock opened at $31.24 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39. The company has a market capitalization of $40.96 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.45 and a beta of 0.95. LeGrand has a one year low of $28.73 and a one year high of $37.91. The business has a 50 day simple moving average of $33.25 and a 200 day simple moving average of $33.08.

LeGrand (OTCMKTS:LGRDY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LeGrand had a net margin of 13.29% and a return on equity of 16.89%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.90 billion. On average, sell-side analysts forecast that LeGrand will post 1.4 EPS for the current fiscal year.

About LeGrand

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.