LeGrand SA (OTCMKTS:LGRDY) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• LeGrand SA (OTCMKTS:LGRDY) has received a consensus rating of "Moderate Buy" from six research firms, with varying ratings from "hold" to "strong buy."
• The company reported $2.87 billion in revenue for its latest quarter, exceeding analysts' expectations, although its earnings per share of $0.26 fell short of the consensus estimate of $0.30.
• Following recent analyst reports, Jefferies Financial Group upgraded LeGrand from a "moderate sell" to a "strong buy," indicating increased confidence in the company's potential.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) has been given an average rating of "Moderate Buy" by the six research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.

LGRDY has been the topic of several research analyst reports. Jefferies Financial Group raised LeGrand from a "moderate sell" rating to a "strong-buy" rating in a research report on Sunday. Morgan Stanley reaffirmed an "overweight" rating on shares of LeGrand in a research report on Tuesday, July 1st. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of LeGrand in a research report on Monday, August 4th. Citigroup reaffirmed a "buy" rating on shares of LeGrand in a research report on Wednesday, October 1st. Finally, Kepler Capital Markets downgraded LeGrand from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 1st.

LeGrand Trading Up 1.2%

Shares of LGRDY opened at $33.33 on Tuesday. LeGrand has a 52-week low of $18.85 and a 52-week high of $34.15. The company has a quick ratio of 1.45, a current ratio of 1.94 and a debt-to-equity ratio of 0.63. The firm's fifty day moving average is $31.78 and its two-hundred day moving average is $27.01. The stock has a market cap of $44.01 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78.

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