LeGrand (OTCMKTS:LGRDY) Cut to Hold at Kepler Capital Markets

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

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

LeGrand Price Performance

LeGrand stock opened at $33.53 on Wednesday. The stock’s fifty day moving average price is $31.31 and its two-hundred day moving average price is $26.49. LeGrand has a one year low of $18.85 and a one year high of $34.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.94 and a quick ratio of 1.45. The firm has a market cap of $44.26 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78.

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