LeGrand (OTCMKTS:LGRDY) Upgraded to Strong-Buy at Evercore

Evercore upgraded shares of LeGrand (OTCMKTS:LGRDY) from a hold rating to a strong-buy rating in a research report report published on Friday,Zacks reports.

Several other research firms have also recently weighed in on LGRDY. Royal Bank Of Canada upgraded shares of LeGrand from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 3rd. Zacks Research raised LeGrand from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Morgan Stanley restated an “overweight” rating on shares of LeGrand in a research report on Friday, August 28th. Deutsche Bank Aktiengesellschaft raised LeGrand from a “hold” rating to a “buy” rating in a research note on Wednesday, September 2nd. Finally, Citigroup restated a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, LeGrand has a consensus rating of “Moderate Buy”.

LeGrand Trading Up 3.3%

Shares of LGRDY stock opened at $32.58 on Friday. The stock has a market cap of $42.72 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 1.72 and a beta of 0.99. The stock has a 50-day moving average of $31.66 and a 200-day moving average of $32.80. The company has a current ratio of 1.58, a quick ratio of 1.12 and a debt-to-equity ratio of 0.89. LeGrand has a 1-year low of $28.73 and a 1-year high of $37.91.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.18 billion. On average, equities research analysts forecast that LeGrand will post 1.4 earnings per share for the current 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.