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LeGrand (OTCMKTS:LGRDY) Hits New 1-Year High - What's Next?

LeGrand logo with Computer and Technology background

Key Points

  • LeGrand SA shares reached a new 52-week high of $34.09 before closing at $34.03, with a trading volume of 35,929 shares.
  • Analyst ratings for LeGrand vary, with three analysts giving a "Buy" rating, while two analysts have issued a "Hold" rating, leading to a consensus rating of "Moderate Buy".
  • The company experienced a net margin of 17.13% but reported earnings of $0.26 EPS, which missed the consensus estimate by $0.04.
  • MarketBeat previews top five stocks to own in November.

Shares of LeGrand SA (OTCMKTS:LGRDY - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $34.09 and last traded at $34.03, with a volume of 35929 shares. The stock had previously closed at $33.02.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Kepler Capital Markets downgraded LeGrand from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of LeGrand in a report on Monday. Royal Bank Of Canada restated a "sector perform" rating on shares of LeGrand in a report on Monday, August 4th. Citigroup reaffirmed a "buy" rating on shares of LeGrand in a research report on Wednesday, October 1st. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of LeGrand in a research report on Tuesday, July 1st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Read Our Latest Stock Analysis on LGRDY

LeGrand Stock Performance

The stock has a market capitalization of $44.92 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78. The company has a 50 day simple moving average of $31.47 and a 200-day simple moving average of $26.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.94 and a quick ratio of 1.45.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.37 billion. LeGrand had a net margin of 17.13% and a return on equity of 16.31%. On average, equities analysts forecast that LeGrand SA will post 1.08 EPS for the current year.

About LeGrand

(Get Free Report)

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.

Further Reading

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