LeGrand (OTCMKTS:LGRDY) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of LeGrand (OTCMKTS:LGRDY) from a hold rating to a strong sell rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Barclays raised LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday. Evercore upgraded LeGrand to a “hold” rating in a report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

LeGrand Stock Performance

Shares of OTCMKTS:LGRDY opened at $32.79 on Tuesday. The firm’s 50 day simple moving average is $34.19 and its 200 day simple moving average is $32.95. LeGrand has a fifty-two week low of $25.96 and a fifty-two week high of $37.91. The company has a market capitalization of $43.00 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 2.54 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39.

LeGrand (OTCMKTS:LGRDY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 13.29% and a return on equity of 16.89%. As a group, sell-side analysts forecast that LeGrand will post 1.4 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.