Schneider Electric SE (OTCMKTS:SBGSY) Stock Rated “Buy” by Wall Street Brokerages

Schneider Electric SE (OTCMKTS:SBGSY) has been given a consensus recommendation of “Buy” by the ten research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company.

A number of brokerages have recently commented on SBGSY. Santander lowered shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 8th. Barclays reaffirmed an “overweight” rating on shares of Schneider Electric in a research report on Monday, July 6th. Morgan Stanley reissued an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Zacks Research downgraded shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Finally, Erste Group Bank upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th.

Schneider Electric Stock Down 2.2%

Shares of SBGSY opened at $65.75 on Monday. Schneider Electric has a twelve month low of $50.61 and a twelve month high of $71.98. The company has a 50 day moving average of $67.03 and a 200-day moving average of $63.43. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Notis McConarty Edward increased its position in shares of Schneider Electric by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after purchasing an additional 425 shares during the last quarter. Elefante Mark B boosted its holdings in shares of Schneider Electric by 10.0% in the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock valued at $6,292,000 after buying an additional 8,800 shares during the last quarter. Azimuth Capital Investment Management LLC bought a new position in shares of Schneider Electric in the second quarter valued at $11,623,000. Finally, Madison Asset Management LLC increased its holdings in Schneider Electric by 2.7% during the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock worth $16,072,000 after buying an additional 6,591 shares during the last quarter. 0.83% of the stock is currently owned by institutional investors.

Schneider Electric Company Profile

Schneider Electric SE is a France-based global provider of energy management and industrial automation technologies. The company helps businesses, infrastructure operators, data centers, buildings and residential customers manage electrical power more efficiently, reliably and sustainably.

Its products and services include low- and medium-voltage electrical distribution equipment, circuit breakers, switches, power monitoring systems, uninterruptible power supplies, industrial control and automation systems, building management technologies, and related software and digital services.