LeGrand SA (OTCMKTS:LGRDY) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

LeGrand SA (OTCMKTS:LGRDY) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company.

Several research firms recently commented on LGRDY. Barclays reiterated an “overweight” rating on shares of LeGrand in a research report on Monday, October 5th. The Goldman Sachs Group raised shares of LeGrand from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 21st. Zacks Research upgraded shares of LeGrand from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Evercore raised LeGrand from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Finally, Morgan Stanley restated an “overweight” rating on shares of LeGrand in a research report on Friday, August 28th.

LeGrand Price Performance

LeGrand stock opened at $29.02 on Friday. The firm has a market cap of $38.05 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The company has a quick ratio of 1.12, a current ratio of 1.58 and a debt-to-equity ratio of 0.89. LeGrand has a 52-week low of $27.32 and a 52-week high of $37.91. The company’s 50 day moving average is $31.03 and its two-hundred day moving average is $32.50.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.18 billion. LeGrand had a return on equity of 17.74% and a net margin of 13.01%. On average, research analysts expect that LeGrand will post 1.38 EPS for the current fiscal year.

About LeGrand

Legrand SA is a France-based manufacturer of electrical and digital building infrastructure products. Its portfolio includes wiring devices, switches and sockets, circuit protection and power distribution equipment, cable management systems, lighting controls, and home and building automation solutions.

The company also provides infrastructure for data centers and communication networks, including connectivity, racks, power-management equipment, and uninterruptible power systems. Its products are used in residential, commercial, industrial, and institutional buildings.

Legrand traces its origins to a porcelain manufacturing business established in Limoges, France, in 1904, and later expanded into electrical equipment and building systems.