LeGrand (OTCMKTS:LGRDY) Shares Gap Up – Here’s Why

LeGrand SA (OTCMKTS:LGRDY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $29.51, but opened at $31.85. LeGrand shares last traded at $31.8850, with a volume of 5,776 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on LGRDY shares. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Friday, February 13th. Barclays restated an “overweight” rating on shares of LeGrand in a report on Wednesday, December 3rd. The Goldman Sachs Group cut LeGrand from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research report on Tuesday, January 6th. Finally, Kepler Capital Markets cut shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

LeGrand Stock Up 3.4%

The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.69. The business has a 50 day moving average price of $32.76 and a 200 day moving average price of $31.87. The firm has a market capitalization of $41.92 billion, a P/E ratio of 31.04, a price-to-earnings-growth ratio of 1.85 and a beta of 0.89.

LeGrand (OTCMKTS:LGRDY) last announced its earnings results on Thursday, February 12th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. LeGrand had a net margin of 16.69% and a return on equity of 16.70%. On average, analysts predict that LeGrand SA will post 1.08 earnings per share for the current 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.