LeGrand (OTCMKTS:LGRDY) Stock Moved Up to Strong-Buy by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of LeGrand (OTCMKTS:LGRDY) from a hold rating to a strong-buy rating in a research report released on Wednesday,Zacks reports.

Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded LeGrand from a “hold” rating to a “buy” rating in a research report on Wednesday, September 2nd. Morgan Stanley reissued an “overweight” rating on shares of LeGrand in a research note on Friday, August 28th. Royal Bank Of Canada raised LeGrand from a “sector perform” rating to an “outperform” rating in a report on Monday, August 3rd. Barclays restated an “overweight” rating on shares of LeGrand in a research note on Monday, October 5th. Finally, Evercore raised LeGrand from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, LeGrand presently has an average rating of “Moderate Buy”.

LeGrand Stock Down 5.6%

LGRDY stock opened at $27.76 on Wednesday. LeGrand has a one year low of $27.48 and a one year high of $37.91. The stock has a market capitalization of $36.40 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.58. The company has a fifty day moving average of $31.41 and a 200-day moving average of $32.74.

LeGrand (OTCMKTS:LGRDY) last issued its earnings results on Wednesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.18 billion. LeGrand had a net margin of 13.01% and a return on equity of 17.74%. As a group, analysts expect that LeGrand will post 1.38 EPS for the current 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.