LeGrand SA (OTCMKTS:LGRDY) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give LeGrand a “Moderate Buy” consensus: Of 11 analysts, five rate the stock a hold, five recommend buying, and one assigns a strong-buy rating. Recent changes included upgrades from Royal Bank of Canada and Deutsche Bank.
• LeGrand’s shares opened at $31.72, with a 12-month range of $28.73 to $37.91 and a market capitalization of approximately $41.59 billion.
• The company reported quarterly EPS of $0.32, below the $0.36 consensus estimate, while revenue of $3.26 billion exceeded expectations of $3.18 billion. Analysts expect full-year EPS of $1.41.

Shares of LeGrand SA (OTCMKTS:LGRDY - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of analysts have recently issued reports on LGRDY shares. Zacks Research upgraded LeGrand from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 5th. Barclays raised shares of LeGrand from an "overweight" rating to an "overweight" rating in a research report on Monday, July 6th. Morgan Stanley reiterated an "overweight" rating on shares of LeGrand in a research note on Friday, August 28th. Royal Bank Of Canada raised shares of LeGrand from a "sector perform" rating to an "outperform" rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of LeGrand from a "hold" rating to a "buy" rating in a research note on Wednesday.

LeGrand Price Performance

Shares of LeGrand stock opened at $31.72 on Friday. LeGrand has a twelve month low of $28.73 and a twelve month high of $37.91. The stock has a market capitalization of $41.59 billion, a P/E ratio of 27.35, a PEG ratio of 2.25 and a beta of 0.96. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.89. The business's fifty day moving average price is $31.72 and its 200 day moving average price is $33.13.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.18 billion. LeGrand had a return on equity of 17.74% and a net margin of 13.01%. As a group, research analysts anticipate that LeGrand will post 1.41 earnings per share 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.

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