LeGrand (OTCMKTS:LGRDY) Reaches New 1-Year Low - Should You Sell?

Key Points

• LeGrand shares hit a new 52-week low, falling to $28.43 from a previous close of $29.04, with trading volume of 761 shares.
• Despite the decline, analysts maintain a “Moderate Buy” consensus; ratings include one Strong Buy, five Buys and four Holds.
• In its latest quarter, LeGrand reported earnings of $0.32 per share, below the $0.36 consensus estimate, while revenue of $3.26 billion exceeded expectations of $3.18 billion.

Shares of LeGrand SA (OTCMKTS:LGRDY - Get Free Report) hit a new 52-week low during trading on Tuesday. The stock traded as low as $28.43 and last traded at $28.43, with a volume of 761 shares. The stock had previously closed at $29.04.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research raised shares of LeGrand from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 5th. Evercore upgraded LeGrand from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Royal Bank Of Canada raised LeGrand from a "sector perform" rating to an "outperform" rating in a report on Monday, August 3rd. Barclays reiterated an "overweight" rating on shares of LeGrand in a research report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded LeGrand from a "hold" rating to a "buy" rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

LeGrand Price Performance

The company has a market capitalization of $37.94 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.63 and a beta of 0.99. The firm's fifty day moving average is $31.65 and its 200 day moving average is $32.80. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.58.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.04). The firm had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.18 billion. LeGrand had a return on equity of 17.74% and a net margin of 13.01%. As a group, analysts predict that LeGrand SA will post 1.38 earnings per share for the current fiscal year.

LeGrand Company Profile

Legrand SA is a France-based manufacturer of electrical and digital building infrastructure products. Its portfolio includes wiring devices, switches and sockets, circuit protection and power distribution equipment, cable management systems, lighting controls, and home and building automation solutions.

The company also provides infrastructure for data centers and communication networks, including connectivity, racks, power-management equipment, and uninterruptible power systems. Its products are used in residential, commercial, industrial, and institutional buildings.

Legrand traces its origins to a porcelain manufacturing business established in Limoges, France, in 1904, and later expanded into electrical equipment and building systems.

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