LeGrand (OTCMKTS:LGRDY) Shares Gap Down – Here’s What Happened

LeGrand SA (OTCMKTS:LGRDY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $32.79, but opened at $30.96. LeGrand shares last traded at $30.83, with a volume of 29,474 shares.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LGRDY. Barclays raised shares of LeGrand from an “overweight” rating to an “overweight” rating in a research report on Monday, July 6th. Morgan Stanley reiterated an “overweight” rating on shares of LeGrand in a research note on Friday, August 28th. Deutsche Bank Aktiengesellschaft upgraded LeGrand from a “hold” rating to a “buy” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada raised LeGrand from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 3rd. Finally, Citigroup restated a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, LeGrand currently has a consensus rating of “Moderate Buy”.

LeGrand Stock Up 0.9%

The company has a current ratio of 1.58, a quick ratio of 1.12 and a debt-to-equity ratio of 0.89. The company has a market cap of $40.54 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 1.69 and a beta of 0.96. The firm’s fifty day simple moving average is $31.59 and its 200 day simple moving average is $32.89.

LeGrand (OTCMKTS:LGRDY) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). LeGrand had a net margin of 13.01% and a return on equity of 17.74%. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.18 billion. Sell-side analysts predict that LeGrand SA will post 1.41 earnings per share for the current year.

LeGrand Company Profile

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company develops, manufactures and markets equipment used to distribute, control, protect and manage electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices such as switches and sockets, electrical protection and distribution systems, cable management solutions, connected-home and building-automation products, and systems for data centers and other digital infrastructure applications.