LeGrand (OTCMKTS:LGRDY) Shares Gap Down – Here’s Why

LeGrand SA (OTCMKTS:LGRDY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $36.01, but opened at $34.27. LeGrand shares last traded at $34.2950, with a volume of 1,110 shares traded.

Analysts Set New Price Targets

A number of analysts have weighed in on LGRDY shares. Evercore raised LeGrand to a “hold” rating in a research report on Monday, April 13th. Citigroup reaffirmed a “buy” rating on shares of LeGrand in a research report on Friday, February 13th. Finally, Kepler Capital Markets cut LeGrand from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

LeGrand Stock Down 2.7%

The company has a market capitalization of $44.66 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.04 and a beta of 0.98. The business has a 50-day simple moving average of $34.10 and a two-hundred day simple moving average of $32.27. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.69 and a current ratio of 2.22.

LeGrand (OTCMKTS:LGRDY) last issued its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.90 billion. LeGrand had a return on equity of 17.27% and a net margin of 13.29%. As a group, equities analysts predict that LeGrand SA will post 1.46 EPS 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.