LeGrand (OTCMKTS:LGRDY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of LeGrand (OTCMKTS:LGRDY) from a strong sell rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on LGRDY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research report on Tuesday, June 23rd. Evercore raised LeGrand to a “hold” rating in a research report on Monday, April 13th. Barclays upgraded LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday, July 6th. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Finally, Royal Bank Of Canada upgraded LeGrand from a “sector perform” rating to an “outperform” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

LeGrand Trading Up 0.7%

OTCMKTS:LGRDY opened at $31.97 on Wednesday. The stock has a market capitalization of $41.92 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.27 and a beta of 0.96. LeGrand has a 52 week low of $28.73 and a 52 week high of $37.91. The company has a quick ratio of 1.39, a current ratio of 1.96 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $32.25 and a 200 day moving average of $33.16.

LeGrand (OTCMKTS:LGRDY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.32 earnings per share (EPS) 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 return on equity of 17.83% and a net margin of 13.01%. As a group, sell-side analysts anticipate that LeGrand 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.