Schneider Electric SE (SBGSY) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts maintain a “Buy” consensus on Schneider Electric, with six buy ratings, two strong-buy ratings, and two hold ratings among ten firms covering the stock.
• Recent opinions were mixed: Barclays and Morgan Stanley reaffirmed “overweight” ratings, while Zacks Research downgraded the stock to “hold” and Santander cut it to “neutral”; Erste Group upgraded it to “strong buy.”
• SBGSY opened at $52.65, below its 50-day and 200-day moving averages, and has traded between $50.61 and $71.98 over the past year. Institutional ownership remains limited, with hedge funds and other institutions holding 0.83% of shares.

Shares of Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) have been assigned a consensus recommendation of "Buy" from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company.

Several research analysts have weighed in on the stock. Barclays reaffirmed an "overweight" rating on shares of Schneider Electric in a research note on Monday, October 5th. Zacks Research cut shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 3rd. Morgan Stanley reissued an "overweight" rating on shares of Schneider Electric in a research report on Monday, June 29th. Santander lowered shares of Schneider Electric from an "outperform" rating to a "neutral" rating in a report on Tuesday, September 8th. Finally, Erste Group Bank raised shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th.

Institutional Trading of Schneider Electric

Several institutional investors and hedge funds have recently modified their holdings of the stock. Madison Asset Management LLC lifted 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 in the last quarter. Azimuth Capital Investment Management LLC bought a new stake in Schneider Electric during the second quarter worth $11,623,000. Elefante Mark B grew its holdings in Schneider Electric by 10.0% during the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company's stock worth $6,292,000 after buying an additional 8,800 shares in the last quarter. Finally, Notis McConarty Edward raised its position 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 valued at $5,548,000 after buying an additional 425 shares during the last quarter. 0.83% of the stock is owned by hedge funds and other institutional investors.

Schneider Electric Price Performance

OTCMKTS SBGSY opened at $52.65 on Friday. The company has a fifty day simple moving average of $64.55 and a 200 day simple moving average of $63.78. Schneider Electric has a 12-month low of $50.61 and a 12-month high of $71.98.

About Schneider Electric

Schneider Electric SE is a France-based multinational company specializing in energy management and industrial automation. Its offerings help businesses, infrastructure operators, data centers, buildings and residential customers distribute, control, monitor and optimize electricity while improving operational efficiency and sustainability.

The company provides electrical distribution equipment, circuit breakers, switchgear, power management systems, industrial automation and control technologies, building-management solutions, and data-center infrastructure.

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