LeGrand (OTCMKTS:LGRDY) Stock Rating Raised to Strong-Buy at Evercore

LeGrand (OTCMKTS:LGRDY) was upgraded by research analysts at Evercore from a “hold” rating to a “strong-buy” rating in a research note issued on Friday, Zacks reports.

LGRDY has been the subject of several other research reports. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Zacks Research upgraded shares of LeGrand from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. Royal Bank Of Canada raised shares of LeGrand from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 3rd. Barclays upgraded shares of LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday, July 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of LeGrand in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

LeGrand Stock Performance

LGRDY opened at $32.58 on Friday. The business’s 50-day simple moving average is $31.66 and its 200 day simple moving average is $32.80. LeGrand has a 52-week low of $28.73 and a 52-week high of $37.91. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.58. The firm has a market capitalization of $42.72 billion, a PE ratio of 28.09, a PEG ratio of 1.72 and a beta of 0.99.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results 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). The company had revenue of $3.26 billion during 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 17.74%. As a group, sell-side analysts expect that LeGrand will post 1.4 earnings per share for the current fiscal year.

LeGrand Company Profile

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company designs, manufactures and distributes products and systems used to manage, distribute and control electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices, electrical and digital protection equipment, power distribution systems, cable management, structured cabling, lighting control, home automation and connected-building solutions.