LeGrand SA (OTCMKTS:LGRDY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of LeGrand SA (OTCMKTS:LGRDY) have been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company.

LGRDY has been the topic of a number of recent research reports. Morgan Stanley reissued an “overweight” rating on shares of LeGrand in a research note on Friday, August 28th. The Goldman Sachs Group raised LeGrand from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Barclays reiterated an “overweight” rating on shares of LeGrand in a report on Monday, October 5th. Zacks Research raised shares of LeGrand from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada raised shares of LeGrand from a “sector perform” rating to an “outperform” rating in a report on Monday, August 3rd.

LeGrand Trading Down 0.4%

Shares of LeGrand stock opened at $27.64 on Friday. The stock has a market cap of $36.24 billion, a P/E ratio of 23.83, a P/E/G ratio of 1.52 and a beta of 0.99. The stock’s 50 day simple moving average is $31.31 and its 200-day simple moving average is $32.70. LeGrand has a 1-year low of $27.32 and a 1-year high of $37.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.58 and a quick ratio of 1.12.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). LeGrand had a net margin of 13.01% and a return on equity of 17.74%. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Analysts predict that LeGrand will post 1.38 EPS for the current fiscal year.

LeGrand Company Profile

Legrand SA is a France-based manufacturer of electrical and digital building infrastructure products. Its portfolio includes wiring devices, switches and sockets, circuit protection and power distribution equipment, cable management systems, lighting controls, and home and building automation solutions.

The company also provides infrastructure for data centers and communication networks, including connectivity, racks, power-management equipment, and uninterruptible power systems. Its products are used in residential, commercial, industrial, and institutional buildings.

Legrand traces its origins to a porcelain manufacturing business established in Limoges, France, in 1904, and later expanded into electrical equipment and building systems.