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

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

A number of other research analysts have also weighed in on the company. Citigroup restated a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Evercore upgraded LeGrand to a “hold” rating in a report on Monday, April 13th. Barclays raised LeGrand from an “overweight” rating to an “overweight” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. 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 given a Sell rating to the stock. Based on data from MarketBeat, LeGrand presently has a consensus rating of “Hold”.

LeGrand Trading Up 1.2%

LGRDY opened at $32.79 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39. LeGrand has a fifty-two week low of $25.96 and a fifty-two week high of $37.91. The firm has a market capitalization of $43.00 billion, a PE ratio of 29.81, a P/E/G ratio of 2.54 and a beta of 0.95. The company’s 50-day moving average is $34.19 and its 200 day moving average is $32.95.

LeGrand (OTCMKTS:LGRDY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.90 billion. LeGrand had a net margin of 13.29% and a return on equity of 16.89%. As a group, research analysts predict that LeGrand will post 1.4 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.