The Goldman Sachs Group Upgrades LeGrand (OTCMKTS:LGRDY) to “Strong-Buy”

LeGrand (OTCMKTS:LGRDY) was upgraded by The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Several other equities analysts have also recently commented on LGRDY. Evercore upgraded shares of LeGrand from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Zacks Research upgraded shares of LeGrand from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of LeGrand in a research report on Friday, August 28th. Barclays reaffirmed an “overweight” rating on shares of LeGrand in a research report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of LeGrand from a “hold” rating to a “buy” rating in a research note on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, LeGrand presently has a consensus rating of “Moderate Buy”.

LeGrand Stock Performance

LGRDY opened at $27.76 on Wednesday. The firm has a market capitalization of $36.40 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. The stock’s 50 day moving average price is $31.41 and its two-hundred day moving average price is $32.74. The company has a quick ratio of 1.12, a current ratio of 1.58 and a debt-to-equity ratio of 0.89. LeGrand has a 12-month low of $27.48 and a 12-month high of $37.91.

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