LeGrand (OTCMKTS:LGRDY) Sees Large Volume Increase – Should You Buy?

LeGrand SA (OTCMKTS:LGRDY) shares saw strong trading volume on Thursday . 118,049 shares changed hands during trading, a decline of 22% from the previous session’s volume of 152,251 shares.The stock last traded at $31.79 and had previously closed at $31.47.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank Of Canada upgraded LeGrand from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 3rd. Barclays upgraded LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of LeGrand in a report on Friday, August 28th. Zacks Research upgraded shares of LeGrand from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Citigroup reissued a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, LeGrand presently has a consensus rating of “Moderate Buy”.

LeGrand Price Performance

The company has a debt-to-equity ratio of 0.89, a current ratio of 1.58 and a quick ratio of 1.39. The firm has a market cap of $42.98 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.26 and a beta of 0.96. The stock has a 50-day moving average price of $31.71 and a 200 day moving average price of $33.13.

LeGrand (OTCMKTS:LGRDY) last announced its earnings results on Wednesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The firm had revenue of $3.26 billion during 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%. As a group, equities research analysts forecast that LeGrand SA will post 1.41 earnings per share for the current fiscal year.

About LeGrand

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.