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

Key Points

• LeGrand has a consensus rating of Moderate Buy from 10 covering firms—6 rates of hold, 3 buys and 1 strong buy.
• The company reported quarterly EPS of $0.31, missing estimates by $0.01 while revenue of $2.93 billion slightly beat consensus, and analysts expect about 1.08 EPS for the current year.
• Brokerage sentiment has shifted recently with notable downgrades from Goldman Sachs (buy → hold) and Kepler (strong-buy → hold), while Citigroup reaffirmed a buy and UBS moved to hold.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have commented on LGRDY shares. The Goldman Sachs Group downgraded LeGrand from a "buy" rating to a "hold" rating in a research note on Sunday, January 11th. Citigroup restated a "buy" rating on shares of LeGrand in a research note on Friday, February 13th. UBS Group upgraded LeGrand to a "hold" rating in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of LeGrand in a research note on Tuesday, January 6th. Finally, Kepler Capital Markets downgraded LeGrand from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th.

LeGrand Stock Up 0.7%

LGRDY stock opened at $31.68 on Tuesday. 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 company has a market capitalization of $41.54 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 1.97 and a beta of 0.94. LeGrand has a fifty-two week low of $18.85 and a fifty-two week high of $36.92. The stock has a fifty day moving average of $32.90 and a 200-day moving average of $31.84.

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