LeGrand (OTCMKTS:LGRDY) Upgraded by Kepler Capital Markets to Strong-Buy Rating

Kepler Capital Markets upgraded shares of LeGrand (OTCMKTS:LGRDY) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of LeGrand in a report on Monday, August 4th. Jefferies Financial Group raised LeGrand from a “moderate sell” rating to a “strong-buy” rating in a research note on Sunday, October 12th. Zacks Research lowered shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft cut shares of LeGrand from a “buy” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Citigroup reiterated a “buy” rating on shares of LeGrand in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

LeGrand Price Performance

Shares of LGRDY traded down $0.11 during trading hours on Wednesday, hitting $30.16. 45,260 shares of the company were exchanged, compared to its average volume of 133,497. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.94 and a quick ratio of 1.45. The company has a market capitalization of $39.82 billion, a PE ratio of 30.46, a PEG ratio of 2.43 and a beta of 0.82. The firm has a fifty day simple moving average of $33.03 and a 200-day simple moving average of $28.93. LeGrand has a one year low of $18.85 and a one year high of $34.83.

LeGrand (OTCMKTS:LGRDY) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.05). LeGrand had a net margin of 16.71% and a return on equity of 16.27%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.62 billion. As a group, sell-side analysts predict that LeGrand will post 1.08 earnings per share for the current year.

About LeGrand

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.