LeGrand (OTCMKTS:LGRDY) Sets New 12-Month High – Still a Buy?

LeGrand SA (OTCMKTS:LGRDY)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $37.67 and last traded at $37.67, with a volume of 3468 shares changing hands. The stock had previously closed at $36.56.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LGRDY. Citigroup reissued a “buy” rating on shares of LeGrand in a research note on Friday, February 13th. Evercore raised shares of LeGrand to a “hold” rating in a report on Monday, April 13th. The Goldman Sachs Group lowered LeGrand from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a report on Tuesday, January 6th. Finally, Kepler Capital Markets lowered LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

LeGrand Trading Up 3.4%

The stock has a market cap of $49.56 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The stock’s 50-day moving average is $33.37 and its two-hundred day moving average is $32.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.69.

LeGrand (OTCMKTS:LGRDY) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. LeGrand had a net margin of 16.69% and a return on equity of 16.70%. Equities research analysts anticipate that LeGrand SA will post 1.44 EPS for the current 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.