LeGrand (OTCMKTS:LGRDY) Raised to “Hold” at Zacks Research

LeGrand (OTCMKTS:LGRDY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Evercore upgraded LeGrand to a “hold” rating in a report on Monday, April 13th. Barclays upgraded LeGrand from an “overweight” rating to an “overweight” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of LeGrand in a research report on Tuesday, June 23rd. Citigroup reiterated a “buy” rating on shares of LeGrand in a research note on Thursday, June 18th. Finally, Royal Bank Of Canada upgraded shares of LeGrand from a “sector perform” rating to an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, LeGrand currently has an average rating of “Moderate Buy”.

LeGrand Stock Performance

Shares of LGRDY opened at $31.97 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $41.92 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The firm’s fifty day simple moving average is $32.25 and its two-hundred day simple moving average is $33.16. LeGrand has a 12 month low of $28.73 and a 12 month high of $37.91.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.18 billion. LeGrand had a return on equity of 17.83% and a net margin of 13.01%. As a group, analysts predict that LeGrand will post 1.41 EPS for the current year.

About LeGrand

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.