LeGrand (OTCMKTS:LGRDY) Stock Rating Upgraded by Jefferies Financial Group

Key Points

• LeGrand's stock rating has been upgraded by Jefferies Financial Group from a "moderate sell" to a "strong-buy," indicating increased confidence among analysts.
• The company's recent earnings report showed a net revenue of $2.87 billion>, surpassing analysts' estimates despite missing the earnings per share target.
• LeGrand currently holds a market cap of $44.01 billion and has a consensus rating of "Moderate Buy" from various research analysts.

LeGrand (OTCMKTS:LGRDY - Get Free Report) was upgraded by stock analysts at Jefferies Financial Group from a "moderate sell" rating to a "strong-buy" rating in a note issued to investors on Sunday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Citigroup reiterated a "buy" rating on shares of LeGrand in a research report on Wednesday, October 1st. Kepler Capital Markets downgraded LeGrand from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 1st. Morgan Stanley reaffirmed 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 research report on Monday, October 6th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of LeGrand in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

LeGrand Stock Performance

Shares of OTCMKTS LGRDY opened at $33.33 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.94 and a quick ratio of 1.45. The firm has a market cap of $44.01 billion, a price-to-earnings ratio of 34.22, a P/E/G ratio of 2.09 and a beta of 0.78. The stock's fifty day moving average price is $31.78 and its two-hundred day moving average price is $27.01. LeGrand has a one year low of $18.85 and a one year high of $34.15.

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). LeGrand had a net margin of 17.13% and a return on equity of 16.31%. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.37 billion. On average, equities analysts forecast that LeGrand 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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