LeGrand (OTCMKTS:LGRDY) Stock Rating Lowered by Zacks Research

LeGrand (OTCMKTS:LGRDY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

LGRDY has been the subject of several other reports. Jefferies Financial Group raised LeGrand from a “moderate sell” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Kepler Capital Markets cut shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Citigroup reissued a “buy” rating on shares of LeGrand in a research report on Wednesday, October 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of LeGrand in a report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft lowered LeGrand from a “buy” rating to a “hold” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, LeGrand has a consensus rating of “Moderate Buy”.

LeGrand Stock Up 0.2%

LGRDY stock opened at $30.43 on Monday. LeGrand has a twelve month low of $18.85 and a twelve month high of $34.83. The company has a quick ratio of 1.45, a current ratio of 1.94 and a debt-to-equity ratio of 0.63. The company has a market cap of $40.17 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 2.38 and a beta of 0.82. The business’s 50-day simple moving average is $33.01 and its 200 day simple moving average is $28.90.

LeGrand (OTCMKTS:LGRDY) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). LeGrand had a return on equity of 16.27% and a net margin of 16.71%.The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.62 billion. On average, research analysts anticipate that LeGrand will post 1.08 earnings per share for the current year.

LeGrand Company Profile

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.