LeGrand SA (OTCMKTS:LGRDY) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• LeGrand has a “Moderate Buy” consensus rating from 10 analysts: five recommend buying, two strongly recommend buying, and three rate the stock a hold. Recent upgrades from Goldman Sachs, Deutsche Bank, Evercore, and RBC helped support the outlook.
• LeGrand shares opened at $27.64, down 0.4%, near their 52-week low of $27.32 and below both the 50-day and 200-day moving averages. The company has a market capitalization of approximately $36.24 billion and a P/E ratio of 23.83.
• In its latest quarter, LeGrand reported $0.32 in EPS, missing the $0.36 analyst consensus, while revenue of $3.26 billion exceeded expectations of $3.18 billion. Analysts forecast full-year EPS of $1.38.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company.

Several equities analysts have recently weighed in on the company. Barclays restated an "overweight" rating on shares of LeGrand in a research report on Monday, October 5th. The Goldman Sachs Group upgraded LeGrand from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded LeGrand from a "hold" rating to a "buy" rating in a research report on Wednesday, September 2nd. Evercore raised LeGrand from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 2nd. Finally, Royal Bank Of Canada upgraded LeGrand from a "sector perform" rating to an "outperform" rating in a report on Monday, August 3rd.

LeGrand Trading Down 0.4%

LGRDY stock opened at $27.64 on Friday. The company's 50-day simple moving average is $31.31 and its 200-day simple moving average is $32.70. The company has a quick ratio of 1.12, a current ratio of 1.58 and a debt-to-equity ratio of 0.89. LeGrand has a 52-week low of $27.32 and a 52-week high of $37.91. The firm has a market cap of $36.24 billion, a P/E ratio of 23.83, a PEG ratio of 1.52 and a beta of 0.99.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last announced its 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). The business had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.18 billion. LeGrand had a net margin of 13.01% and a return on equity of 17.74%. As a group, equities analysts forecast that LeGrand will post 1.38 EPS for the current fiscal year.

About LeGrand

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.

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