LeGrand (OTCMKTS:LGRDY) Upgraded by Zacks Research to “Hold” Rating

LeGrand (OTCMKTS:LGRDY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Evercore upgraded LeGrand to a “hold” rating in a report on Monday, April 13th. Royal Bank Of Canada raised shares of LeGrand from a “sector perform” rating to an “outperform” rating in a research report on Monday. Barclays upgraded shares of 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, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of LeGrand in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

LeGrand Price Performance

OTCMKTS LGRDY opened at $31.97 on Wednesday. LeGrand has a twelve month low of $28.73 and a twelve month high of $37.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.39 and a current ratio of 1.96. The stock has a market capitalization of $41.92 billion, a PE ratio of 27.56, a P/E/G ratio of 2.27 and a beta of 0.96. The stock has a 50-day simple moving average of $32.25 and a 200 day simple moving average of $33.16.

LeGrand (OTCMKTS:LGRDY) last announced its earnings results on Wednesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.18 billion. LeGrand had a net margin of 13.01% and a return on equity of 17.83%. Research analysts anticipate that LeGrand will post 1.41 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.