LeGrand (OTCMKTS:LGRDY) Shares Gap Up – Should You Buy?

Shares of LeGrand SA (OTCMKTS:LGRDY) gapped up before the market opened 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 traded.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup reiterated a “buy” rating on shares of LeGrand in a research note on Friday, February 13th. UBS Group upgraded shares of LeGrand to a “hold” rating in a report on Tuesday, December 16th. Kepler Capital Markets downgraded shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays reiterated an “overweight” rating on shares of LeGrand in a report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

LeGrand Stock Performance

The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 0.78. The stock has a market cap 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. The firm’s 50-day moving average is $32.76 and its two-hundred day moving average is $31.87.

LeGrand (OTCMKTS:LGRDY) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.31 EPS 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 analyst estimates of $2.92 billion. LeGrand had a return on equity of 16.70% and a net margin of 16.69%. As a group, research analysts expect that LeGrand SA will post 1.08 EPS 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.