LeGrand SA (OTCMKTS:LGRDY) Receives Consensus Recommendation of “Hold” from Brokerages

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

Several equities research analysts have recently issued reports on the company. Evercore raised LeGrand to a “hold” rating in a research report on Monday, April 13th. Barclays upgraded shares of LeGrand from an “overweight” rating to an “overweight” rating in a research report on Monday, July 6th. Zacks Research downgraded shares of LeGrand from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Citigroup reaffirmed a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a report on Tuesday, June 23rd.

LeGrand Stock Performance

LGRDY stock opened at $32.20 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.96 and a debt-to-equity ratio of 0.81. The firm has a market cap of $42.22 billion, a PE ratio of 29.27, a P/E/G ratio of 2.52 and a beta of 0.95. The business has a 50 day moving average of $33.80 and a 200-day moving average of $33.03. LeGrand has a 12-month low of $25.96 and a 12-month high of $37.91.

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