LeGrand (OTCMKTS:LGRDY) Hits New 52-Week High – Still a Buy?

LeGrand SA (OTCMKTS:LGRDY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $37.67 and last traded at $37.67, with a volume of 3468 shares. The stock had previously closed at $36.56.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Kepler Capital Markets lowered shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Citigroup reaffirmed a “buy” rating on shares of LeGrand in a report on Friday, February 13th. Evercore upgraded LeGrand to a “hold” rating in a research report on Monday, April 13th. Finally, The Goldman Sachs Group cut LeGrand from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

LeGrand Stock Up 0.3%

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.69 and a current ratio of 2.22. The stock has a market cap of $48.46 billion, a price-to-earnings ratio of 35.88, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98. The business’s 50 day moving average is $33.41 and its 200 day moving average is $32.10.

LeGrand (OTCMKTS:LGRDY) last announced its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.90 billion. LeGrand had a net margin of 16.69% and a return on equity of 16.70%. Equities analysts expect that LeGrand SA will post 1.44 earnings per share for the current year.

About LeGrand

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.