LeGrand (OTCMKTS:LGRDY) Shares Gap Down – What’s Next?

Shares of LeGrand SA (OTCMKTS:LGRDY) gapped down before the market opened on Tuesday . The stock had previously closed at $32.79, but opened at $30.96. LeGrand shares last traded at $30.83, with a volume of 29,474 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LGRDY shares. Royal Bank Of Canada upgraded LeGrand from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 3rd. Barclays upgraded shares of LeGrand from an “overweight” rating to an “overweight” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft raised shares of LeGrand from a “hold” rating to a “buy” rating in a report on Wednesday, September 2nd. Morgan Stanley restated an “overweight” rating on shares of LeGrand in a research report on Friday, August 28th. Finally, Citigroup reaffirmed a “buy” rating on shares of LeGrand in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

LeGrand Price Performance

The stock has a market capitalization of $40.28 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 1.81 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.58. The stock has a 50-day simple moving average of $31.66 and a 200 day simple moving average of $32.97.

LeGrand (OTCMKTS:LGRDY) last released its earnings results on Wednesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.18 billion. LeGrand had a return on equity of 17.74% and a net margin of 13.01%. On average, equities analysts forecast that LeGrand SA will post 1.41 earnings per share for the current fiscal year.

LeGrand Company Profile

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company develops, manufactures and markets equipment used to distribute, control, protect and manage electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices such as switches and sockets, electrical protection and distribution systems, cable management solutions, connected-home and building-automation products, and systems for data centers and other digital infrastructure applications.