LeGrand (OTCMKTS:LGRDY) Downgraded by Kepler Capital Markets to “Hold”

LeGrand (OTCMKTS:LGRDY) was downgraded by analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research firms have also commented on LGRDY. The Goldman Sachs Group lowered LeGrand from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Citigroup reiterated a “buy” rating on shares of LeGrand in a report on Friday, February 13th. UBS Group raised shares of LeGrand to a “hold” rating in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of LeGrand in a research report on Tuesday, January 6th. Finally, Barclays reissued an “overweight” rating on shares of LeGrand in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, LeGrand presently has a consensus rating of “Moderate Buy”.

LeGrand Trading Down 0.6%

Shares of LGRDY opened at $36.33 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average price of $31.77 and a 200-day moving average price of $31.70. LeGrand has a fifty-two week low of $18.85 and a fifty-two week high of $36.92.

LeGrand (OTCMKTS:LGRDY) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. LeGrand had a return on equity of 16.70% and a net margin of 16.69%. As a group, research analysts forecast that LeGrand will post 1.08 EPS for the current year.

LeGrand Company Profile

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.