LeGrand (OTCMKTS:LGRDY) Hits New 52-Week High - Here's Why

Key Points

• LeGrand SA's stock reached a new 52-week high of $32.68 during trading, showing increased investor interest.
• Analysts have given LeGrand a consensus rating of "Moderate Buy", with Morgan Stanley and Deutsche Bank reaffirming positive ratings on the stock.
• Although LeGrand reported earnings per share of $0.26 for the last quarter, it missed analysts' expectations, despite surpassing revenue forecasts with $2.87 billion.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $32.68 and last traded at $32.68, with a volume of 190 shares. The stock had previously closed at $32.60.

Wall Street Analyst Weigh In

Several analysts have weighed in on LGRDY shares. Morgan Stanley reiterated an "overweight" rating on shares of LeGrand in a research note on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of LeGrand in a research report on Monday, August 4th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of LeGrand in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, LeGrand currently has a consensus rating of "Moderate Buy".

LeGrand Price Performance

The firm has a market cap of $43.38 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 3.50 and a beta of 0.80. The company has a current ratio of 1.94, a quick ratio of 1.45 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $29.65 and a 200 day moving average price of $25.44.

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

LeGrand Company Profile

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.

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