LeGrand (OTCMKTS:LGRDY) Stock Rating Lowered by Kepler Capital Markets

Key Points

• LeGrand's stock rating was downgraded from "strong-buy" to "hold" by Kepler Capital Markets, while other analysts maintain positive ratings.
• The company reported $0.26 EPS for the last quarter, falling short of analysts' expectations of $0.30, but exceeded revenue estimates with $2.87 billion.
• The stock has been trading down by 1.6%, with a current market price of $33.53 and a one-year high of $34.08.

LeGrand (OTCMKTS:LGRDY - Get Free Report) was downgraded by equities researchers at Kepler Capital Markets from a "strong-buy" rating to a "hold" rating in a research note issued on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Citigroup restated a "buy" rating on shares of LeGrand in a research note on Wednesday. Morgan Stanley restated an "overweight" rating on shares of LeGrand in a research note on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of LeGrand in a report on Monday, August 4th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of LeGrand in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, LeGrand has an average rating of "Moderate Buy".

LeGrand Trading Down 1.6%

Shares of LGRDY opened at $33.53 on Wednesday. LeGrand has a one year low of $18.85 and a one year high of $34.08. The stock has a 50-day moving average price of $31.31 and a 200 day moving average price of $26.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.45 and a current ratio of 1.94. The company has a market capitalization of $44.26 billion, a P/E ratio of 34.43, a P/E/G ratio of 2.19 and a beta of 0.78.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.37 billion. LeGrand had a net margin of 17.13% and a return on equity of 16.31%. Sell-side analysts forecast that LeGrand will post 1.08 EPS for the current fiscal 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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