LeGrand (OTCMKTS:LGRDY) Downgraded to Hold Rating by Kepler Capital Markets

LeGrand (OTCMKTS:LGRDY) was downgraded by analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. UBS Group upgraded shares of LeGrand to a “hold” rating in a research report on Tuesday, December 16th. Zacks Research lowered LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research report on Tuesday, January 6th. Citigroup restated a “buy” rating on shares of LeGrand in a research report on Friday, February 13th. Finally, The Goldman Sachs Group downgraded shares of LeGrand from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

LeGrand Stock Down 0.6%

Shares of LGRDY opened at $36.33 on Tuesday. LeGrand has a 1 year low of $18.85 and a 1 year high of $36.92. The business’s 50 day simple moving average is $31.77 and its 200-day simple moving average is $31.70. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 0.78.

LeGrand (OTCMKTS:LGRDY) last posted its earnings results 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 business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. LeGrand had a net margin of 16.69% and a return on equity of 16.70%. Equities research analysts anticipate that LeGrand will post 1.08 EPS for the current 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.