LeGrand (OTCMKTS:LGRDY) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of LeGrand (OTCMKTS:LGRDY) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

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

LeGrand Price Performance

Shares of OTCMKTS:LGRDY opened at $30.43 on Monday. The firm has a market cap of $40.17 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 2.38 and a beta of 0.82. LeGrand has a 1 year low of $18.85 and a 1 year high of $34.83. 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 business has a fifty day simple moving average of $33.01 and a 200 day simple moving average of $28.90.

LeGrand (OTCMKTS:LGRDY) last issued its earnings results 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 net margin of 16.71% and a return on equity of 16.27%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.62 billion. As a group, sell-side analysts predict 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.