LeGrand (OTCMKTS:LGRDY) Upgraded by Evercore to Hold Rating

LeGrand (OTCMKTS:LGRDY) was upgraded by stock analysts at Evercore to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also commented on LGRDY. UBS Group raised LeGrand to a “hold” rating in a report on Tuesday, December 16th. Kepler Capital Markets lowered LeGrand from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. The Goldman Sachs Group lowered LeGrand from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, LeGrand has a consensus rating of “Hold”.

LeGrand Stock Up 0.3%

Shares of OTCMKTS:LGRDY opened at $34.92 on Monday. The stock has a fifty day simple moving average of $33.12 and a two-hundred day simple moving average of $31.87. The stock has a market capitalization of $45.79 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.18 and a beta of 0.94. LeGrand has a 12-month low of $20.67 and a 12-month high of $36.92. The company has a current ratio of 2.22, a quick ratio of 1.69 and a debt-to-equity ratio of 0.78.

LeGrand (OTCMKTS:LGRDY) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $2.92 billion. LeGrand had a net margin of 16.69% and a return on equity of 16.70%. On average, research analysts anticipate that LeGrand will post 1.08 earnings per share for the current fiscal 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.