LeGrand (OTCMKTS:LGRDY) Rating Lowered to Strong Sell at Zacks Research

LeGrand (OTCMKTS:LGRDY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Evercore upgraded shares of LeGrand to a “hold” rating in a research report on Monday, April 13th. Citigroup restated a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of LeGrand in a research report on Tuesday, June 23rd. Finally, Barclays raised shares of LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

LeGrand Price Performance

LeGrand stock opened at $32.79 on Tuesday. The stock has a fifty day moving average of $34.19 and a 200-day moving average of $32.95. The stock has a market capitalization of $43.00 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 2.54 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.39 and a current ratio of 1.96. LeGrand has a 52 week low of $25.96 and a 52 week high of $37.91.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LeGrand had a net margin of 13.29% and a return on equity of 16.89%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.90 billion. On average, sell-side analysts expect that LeGrand will post 1.4 earnings per share for the current fiscal 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.