LeGrand (OTCMKTS:LGRDY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Trading volume surged 252% to 529,805 shares, while LeGrand’s stock fell 1.4% to $29.98 from its previous close of $30.24.
• Analyst sentiment is generally positive, with one Strong Buy, five Buy, and four Hold ratings, resulting in a MarketBeat consensus rating of Moderate Buy.
• LeGrand reported quarterly revenue of $3.26 billion, exceeding estimates, but earnings per share of $0.32 missed consensus by $0.04. The company has a $39.10 billion market capitalization and a P/E ratio of 25.71.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) saw strong trading volume on Friday. 529,805 shares changed hands during mid-day trading, an increase of 252% from the previous session's volume of 150,659 shares. The stock last traded at $29.98 and had previously closed at $30.24.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LGRDY. Barclays reiterated an "overweight" rating on shares of LeGrand in a research note on Monday, October 5th. Citigroup reaffirmed a "buy" rating on shares of LeGrand in a report on Thursday, June 18th. Evercore upgraded shares of LeGrand from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Zacks Research raised shares of LeGrand from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of LeGrand from a "hold" rating to a "buy" rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

LeGrand Trading Down 1.4%

The stock has a market cap of $39.10 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.58. The stock's fifty day moving average is $31.76 and its 200 day moving average is $32.82.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). LeGrand had a return on equity of 17.74% and a net margin of 13.01%. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.18 billion. As a group, equities research 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 specialist in electrical and digital building infrastructure. The company designs, manufactures and distributes products and systems used to manage, distribute and control electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices, electrical and digital protection equipment, power distribution systems, cable management, structured cabling, lighting control, home automation and connected-building solutions.

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