LeGrand (OTCMKTS:LGRDY) Hits New 12-Month High - Should You Buy?

Key Points

• LeGrand SA's stock has reached a new 52-week high of $31.48, closing at $31.45 with a trading volume of 10,840 shares.
• The company has received a "Moderate Buy" consensus rating from analysts, with three rating it as a Buy and one as a Hold.
• LeGrand reported earnings of $0.26 per share, falling short of estimates, but achieved significant revenue of $2.87 billion, surpassing expectations.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.48 and last traded at $31.45, with a volume of 10840 shares traded. The stock had previously closed at $30.67.

Analyst Ratings Changes

Several research firms recently issued reports on LGRDY. Royal Bank Of Canada reiterated a "sector perform" rating on shares of LeGrand in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of LeGrand in a research report on Monday, August 4th. Finally, Morgan Stanley restated an "overweight" rating on shares of LeGrand in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, LeGrand presently has a consensus rating of "Moderate Buy".

LeGrand Trading Up 0.2%

The company has a market cap of $43.04 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 3.49 and a beta of 0.80. The business's fifty day moving average price is $29.65 and its 200 day moving average price is $25.39. 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 quarterly earnings results on Thursday, July 31st. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). LeGrand had a return on equity of 16.31% and a net margin of 17.13%.The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.37 billion. Research analysts anticipate that LeGrand SA will post 1.08 earnings per share for the current fiscal year.

About LeGrand

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.