LeGrand (OTCMKTS:LGRDY) Downgraded by Kepler Capital Markets to Hold

Kepler Capital Markets lowered shares of LeGrand (OTCMKTS:LGRDY) from a strong-buy rating to a hold rating in a report released on Wednesday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of LeGrand in a research note on Tuesday, July 1st. Royal Bank Of Canada restated a “sector perform” rating on shares of LeGrand in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of LeGrand in a research report on Monday, August 4th. Finally, Citigroup restated a “buy” rating on shares of LeGrand in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

LeGrand Stock Performance

OTCMKTS:LGRDY opened at $33.53 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.45 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $44.26 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78. The firm has a 50-day moving average price of $31.31 and a two-hundred day moving average price of $26.49. LeGrand has a twelve month low of $18.85 and a twelve month high of $34.08.

LeGrand (OTCMKTS:LGRDY) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.37 billion. LeGrand had a net margin of 17.13% and a return on equity of 16.31%. As a group, research analysts expect that LeGrand will post 1.08 earnings per share for the current fiscal year.

About LeGrand

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.