The Goldman Sachs Group Upgrades LeGrand (OTCMKTS:LGRDY) to Strong-Buy

LeGrand (OTCMKTS:LGRDY) was upgraded by research analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

Other analysts also recently issued reports about the company. Zacks Research upgraded LeGrand from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Morgan Stanley reissued an “overweight” rating on shares of LeGrand in a research note on Friday, August 28th. Royal Bank Of Canada upgraded shares of LeGrand from a “sector perform” rating to an “outperform” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of LeGrand from a “hold” rating to a “buy” rating in a report on Wednesday, September 2nd. Finally, Evercore raised shares of LeGrand from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

LeGrand Price Performance

LGRDY stock opened at $27.76 on Wednesday. LeGrand has a 12 month low of $27.48 and a 12 month high of $37.91. The company has a current ratio of 1.58, a quick ratio of 1.12 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $31.41 and a 200 day moving average price of $32.74. The stock has a market cap of $36.40 billion, a PE ratio of 25.34, a P/E/G ratio of 1.61 and a beta of 0.99.

LeGrand (OTCMKTS:LGRDY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). LeGrand had a net margin of 13.01% and a return on equity of 17.74%. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.18 billion. Equities research analysts anticipate that LeGrand will post 1.38 earnings per share for the current year.

About LeGrand

Legrand SA is a France-based manufacturer of electrical and digital building infrastructure products. Its portfolio includes wiring devices, switches and sockets, circuit protection and power distribution equipment, cable management systems, lighting controls, and home and building automation solutions.

The company also provides infrastructure for data centers and communication networks, including connectivity, racks, power-management equipment, and uninterruptible power systems. Its products are used in residential, commercial, industrial, and institutional buildings.

Legrand traces its origins to a porcelain manufacturing business established in Limoges, France, in 1904, and later expanded into electrical equipment and building systems.