LeGrand (OTCMKTS:LGRDY) Upgraded by Evercore to Hold Rating

Key Points

• Evercore upgraded LeGrand (OTCMKTS:LGRDY) to a "hold" rating, joining a mix of recent analyst moves and leaving the consensus average rating at "Hold" (1 Strong Buy, 3 Buy, 7 Hold).
• LeGrand slightly missed EPS expectations for the quarter ($0.31 vs. $0.32) while beating revenue estimates ($2.93B vs. $2.92B), with a net margin of 16.69% and return on equity of 16.70%; analysts forecast FY EPS of about $1.08.
• The stock opened at $34.92 with a market cap of $45.79 billion and a PE of 33.90, trading near its 52-week high of $36.92 (50-day/200-day moving averages: $33.12/$31.87), indicating recent upward momentum.

LeGrand (OTCMKTS:LGRDY - Get Free Report) was upgraded by equities researchers at Evercore to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

LGRDY has been the subject of a number of other research reports. The Goldman Sachs Group cut LeGrand from a "buy" rating to a "hold" rating in a research note on Sunday, January 11th. Kepler Capital Markets cut LeGrand from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Citigroup restated a "buy" rating on shares of LeGrand in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of LeGrand in a research note on Tuesday, January 6th. Finally, UBS Group upgraded LeGrand to a "hold" rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold".

LeGrand Trading Up 0.3%

LGRDY opened at $34.92 on Monday. The stock has a market cap of $45.79 billion, a PE ratio of 33.90, a PEG ratio of 2.18 and a beta of 0.94. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average of $33.12 and a 200-day moving average of $31.87. LeGrand has a 52 week low of $20.67 and a 52 week high of $36.92.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.01). The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. LeGrand had a net margin of 16.69% and a return on equity of 16.70%. Equities research analysts predict that LeGrand will post 1.08 earnings per share for the current fiscal year.

About LeGrand

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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