Schneider Electric (OTCMKTS:SBGSY) Rating Lowered to “Hold” at Zacks Research

Schneider Electric (OTCMKTS:SBGSY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Other equities research analysts have also recently issued reports about the company. Berenberg Bank upgraded Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Barclays restated an “overweight” rating on shares of Schneider Electric in a report on Monday, July 6th. Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Schneider Electric Price Performance

Shares of Schneider Electric stock opened at $66.78 on Thursday. The firm’s 50-day moving average is $65.43 and its two-hundred day moving average is $62.73. Schneider Electric has a 1 year low of $50.61 and a 1 year high of $71.98. The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61.

Institutional Investors Weigh In On Schneider Electric

A number of hedge funds and other institutional investors have recently made changes to their positions in SBGSY. Notis McConarty Edward grew its position in Schneider Electric by 0.5% during the second quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after buying an additional 425 shares during the period. Elefante Mark B grew its holdings in Schneider Electric by 10.0% in the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock valued at $6,292,000 after purchasing an additional 8,800 shares during the period. Azimuth Capital Investment Management LLC purchased a new stake in shares of Schneider Electric in the second quarter valued at approximately $11,623,000. Finally, Madison Asset Management LLC lifted its position in shares of Schneider Electric by 2.7% during the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after buying an additional 6,591 shares in the last quarter. Institutional investors and hedge funds own 0.83% of the company’s stock.

Schneider Electric Company Profile

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.