Schneider Electric SE (OTCMKTS:SBGSY) Stock Now Rated "Buy" by Wall Street Brokerages

Key Points

• Schneider Electric has a consensus “Buy” rating among 11 analysts: six rate it Buy, three Strong Buy, and two Hold.
• Recent recommendations are mixed but generally positive: Erste Group upgraded the stock to Strong Buy, while Santander and Zacks Research issued downgrades to Neutral and Hold, respectively.
• SBGSY opened at $66.75, near its 50-day average of $66.69, and has traded between $50.61 and $71.98 over the past year. Institutional investors and hedge funds own approximately 0.83% of the stock.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) has earned a consensus recommendation of "Buy" from the eleven analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company.

SBGSY has been the topic of several recent analyst reports. Erste Group Bank raised Schneider Electric from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Barclays restated an "overweight" rating on shares of Schneider Electric in a report on Monday, July 6th. Morgan Stanley reaffirmed an "overweight" rating on shares of Schneider Electric in a research report on Monday, June 29th. Santander cut shares of Schneider Electric from an "outperform" rating to a "neutral" rating in a research note on Tuesday, September 8th. Finally, Zacks Research downgraded shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 3rd.

Hedge Funds Weigh In On Schneider Electric

Hedge funds have recently made changes to their positions in the company. Notis McConarty Edward raised its stake in Schneider Electric by 0.5% in 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. Madison Asset Management LLC increased its holdings in shares of Schneider Electric by 2.7% in the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company's stock valued at $16,072,000 after purchasing an additional 6,591 shares during the period. Elefante Mark B raised its stake in shares of Schneider Electric by 10.0% in the second 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 during the last quarter. Finally, Azimuth Capital Investment Management LLC acquired a new stake in shares of Schneider Electric during the second quarter worth about $11,623,000. 0.83% of the stock is owned by institutional investors and hedge funds.

Schneider Electric Price Performance

Shares of SBGSY stock opened at $66.75 on Monday. Schneider Electric has a 12-month low of $50.61 and a 12-month high of $71.98. The business's fifty day simple moving average is $66.69 and its 200-day simple moving average is $63.27. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61.

About Schneider Electric

Schneider Electric SE is a France-based global provider of energy management and industrial automation solutions. The company helps businesses, utilities, data centers, infrastructure operators and residential customers manage electricity more safely, efficiently and sustainably.

Its products and services include low- and medium-voltage electrical distribution equipment, circuit breakers, switchgear, uninterruptible power supplies, building management systems, industrial control and automation technologies, and related consulting, maintenance and digital services.

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