LeGrand SA (OTCMKTS:LGRDY) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Consensus "Hold": Legrand has a consensus rating of Hold from 11 analysts (7 hold, 3 buy, 1 strong buy), with recent downgrades from Goldman Sachs and Kepler while Citigroup and others maintained more positive views.
• Recent results were mixed: Legrand reported Q results of $0.31 EPS (missing estimates by $0.01) and $2.93 billion in revenue (slightly above expectations), and analysts forecast about 1.44 EPS for the current fiscal year.
• Valuation and price position: shares opened at $35.79 with a market cap of $46.93 billion and a PE of 34.75, trading near its 52-week high ($36.92) and above both the 50-day ($33.37) and 200-day ($32.05) moving averages.

Shares of LeGrand SA (OTCMKTS:LGRDY - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages have commented on LGRDY. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of LeGrand in a research note on Tuesday, January 6th. Evercore raised shares of LeGrand to a "hold" rating in a research note on Monday, April 13th. The Goldman Sachs Group cut shares of LeGrand from a "buy" rating to a "hold" rating in a research note on Sunday, January 11th. Citigroup reissued a "buy" rating on shares of LeGrand in a research note on Friday, February 13th. Finally, Kepler Capital Markets cut shares of LeGrand from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th.

LeGrand Trading Up 0.2%

Shares of OTCMKTS LGRDY opened at $35.79 on Friday. The company has a market cap of $46.93 billion, a PE ratio of 34.75, a P/E/G ratio of 2.13 and a beta of 0.99. The firm's 50 day moving average price is $33.37 and its 200-day moving average price is $32.05. LeGrand has a 52-week low of $22.16 and a 52-week high of $36.92. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.69 and a current ratio of 2.22.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.01). The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. LeGrand had a net margin of 16.69% and a return on equity of 16.70%. On average, equities research analysts expect that LeGrand will post 1.44 EPS for the current fiscal year.

LeGrand Company Profile

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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