LeGrand (OTCMKTS:LGRDY) Sets New 1-Year High - Here's Why

Key Points

• Legrand shares hit a new 52-week high of $37.67, trading up about 3.4% on light volume, giving the company a market capitalization near $49.6 billion.
• Analysts' consensus rating is "Hold" (1 Strong Buy, 3 Buy, 7 Hold) after several recent rating changes and downgrades from firms including Goldman Sachs and Kepler.
• Legrand slightly missed EPS expectations ($0.31 vs. $0.32) while posting $2.93B in revenue (above consensus), and trades at a P/E of 36.7 with a PEG of 2.12 and debt/equity of 0.78.

Shares of LeGrand SA (OTCMKTS:LGRDY - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $37.67 and last traded at $37.67, with a volume of 3468 shares trading hands. The stock had previously closed at $36.56.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Evercore raised shares of LeGrand to a "hold" rating in a report on Monday, April 13th. The Goldman Sachs Group cut shares of LeGrand from a "buy" rating to a "hold" rating in a report on Sunday, January 11th. Citigroup restated a "buy" rating on shares of LeGrand in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of LeGrand in a report on Tuesday, January 6th. Finally, Kepler Capital Markets lowered shares of LeGrand from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

LeGrand Trading Up 3.4%

The company has a market capitalization of $49.56 billion, a P/E ratio of 36.70, a PEG ratio of 2.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.69 and a current ratio of 2.22. The stock has a fifty day moving average of $33.37 and a 200 day moving average of $32.05.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). LeGrand had a net margin of 16.69% and a return on equity of 16.70%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. As a group, equities research analysts anticipate that LeGrand SA will post 1.44 EPS for the current fiscal year.

LeGrand Company Profile

Legrand OTCMKTS: LGRDY is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company's product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.

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