LeGrand (OTCMKTS:LGRDY) Shares Gap Down - What's Next?

Key Points

• LeGrand shares gapped down from a prior close of $32.31 to open at $30.70, later trading near $30.93 on relatively light volume.
• Analyst sentiment remains positive, with LeGrand holding a “Moderate Buy” consensus; Deutsche Bank and RBC recently upgraded the stock, while other firms maintained bullish ratings.
• The company’s latest quarter showed mixed results: EPS of $0.32 missed estimates of $0.36, but revenue of $3.26 billion exceeded forecasts of $3.18 billion.

Shares of LeGrand SA (OTCMKTS:LGRDY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $32.31, but opened at $30.70. LeGrand shares last traded at $30.93, with a volume of 6,156 shares traded.

Analyst Upgrades and Downgrades

LGRDY has been the subject of a number of research analyst reports. Barclays upgraded shares of LeGrand from an "overweight" rating to an "overweight" rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft upgraded LeGrand from a "hold" rating to a "buy" rating in a report on Wednesday, September 2nd. Zacks Research upgraded shares of LeGrand from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 5th. Royal Bank Of Canada raised shares of LeGrand from a "sector perform" rating to an "outperform" rating in a research report on Monday, August 3rd. Finally, Morgan Stanley restated an "overweight" rating on shares of LeGrand in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, LeGrand has an average rating of "Moderate Buy".

LeGrand Stock Performance

The company has a quick ratio of 1.12, a current ratio of 1.58 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $40.01 billion, a PE ratio of 26.31, a PEG ratio of 1.79 and a beta of 0.96. The business has a 50 day simple moving average of $31.55 and a 200 day simple moving average of $32.81.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.18 billion. LeGrand had a net margin of 13.01% and a return on equity of 17.74%. Equities research analysts predict that LeGrand SA will post 1.41 EPS for the current fiscal year.

About LeGrand

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company develops, manufactures and markets equipment used to distribute, control, protect and manage electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices such as switches and sockets, electrical protection and distribution systems, cable management solutions, connected-home and building-automation products, and systems for data centers and other digital infrastructure applications.

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