Schneider Electric SE (OTCMKTS:SBGSY) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Schneider Electric has an average “Buy” rating from 10 analysts: six recommend buying the stock and four rate it a strong buy.
• Recent analyst actions have been favorable, with Berenberg Bank, Zacks Research and Erste Group Bank upgrading the shares to “strong buy,” while Barclays and Morgan Stanley maintained “overweight” ratings.
• SBGSY opened at $66.27, near its 50-day average of $65.28 and 200-day average of $62.68; institutional and hedge-fund ownership stands at 0.83%.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) has earned an average rating of "Buy" from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company.

Several analysts have recently commented on SBGSY shares. Barclays restated an "overweight" rating on shares of Schneider Electric in a research note on Monday, July 6th. Berenberg Bank upgraded Schneider Electric to a "strong-buy" rating in a report on Monday, June 1st. Zacks Research upgraded shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. Erste Group Bank upgraded shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Finally, Morgan Stanley restated an "overweight" rating on shares of Schneider Electric in a report on Monday, June 29th.

Institutional Investors Weigh In On Schneider Electric

Institutional investors and hedge funds have recently bought and sold shares of the stock. Notis McConarty Edward boosted its holdings in Schneider Electric by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company's stock worth $5,548,000 after acquiring an additional 425 shares during the last quarter. Elefante Mark B grew its position in Schneider Electric by 10.0% in the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company's stock worth $6,292,000 after purchasing an additional 8,800 shares in the last quarter. Azimuth Capital Investment Management LLC purchased a new stake in Schneider Electric in the 2nd quarter valued at about $11,623,000. Finally, Madison Asset Management LLC boosted its stake in shares of Schneider Electric by 2.7% in the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company's stock worth $16,072,000 after buying an additional 6,591 shares during the last quarter. 0.83% of the stock is owned by hedge funds and other institutional investors.

Schneider Electric Stock Down 0.2%

Shares of OTCMKTS SBGSY opened at $66.27 on Thursday. Schneider Electric has a 12-month low of $50.23 and a 12-month high of $71.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.90. The company's fifty day simple moving average is $65.28 and its 200 day simple moving average is $62.68.

Schneider Electric Company Profile

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company's portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.

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