Schneider Electric SE (OTCMKTS:SBGSY) Stock Rated “Moderate Buy” by Sell-Side Analysts

Schneider Electric SE (OTCMKTS:SBGSY) has earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities analysts have recently weighed in on SBGSY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a research note on Monday, June 29th. Santander downgraded Schneider Electric from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 8th. Erste Group Bank cut Schneider Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 21st. Zacks Research downgraded Schneider Electric from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Finally, Barclays restated an “overweight” rating on shares of Schneider Electric in a research note on Monday, October 5th.

Hedge Funds Weigh In On Schneider Electric

Hedge funds have recently modified their holdings of the stock. Azimuth Capital Investment Management LLC bought a new stake in Schneider Electric in the 2nd quarter valued at $11,623,000. Elefante Mark B lifted its stake in Schneider Electric by 10.0% in the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock worth $6,292,000 after purchasing an additional 8,800 shares in the last quarter. Madison Asset Management LLC grew its position in shares of Schneider Electric by 2.7% during the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after purchasing an additional 6,591 shares in the last quarter. Finally, Notis McConarty Edward grew its position in shares of Schneider Electric by 0.5% during the second quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after purchasing an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 0.83% of the company’s stock.

Schneider Electric Price Performance

OTCMKTS:SBGSY opened at $51.59 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.81. The business’s 50-day simple moving average is $64.17 and its two-hundred day simple moving average is $63.75. Schneider Electric has a 52 week low of $50.61 and a 52 week high of $71.98.

About Schneider Electric

Schneider Electric SE is a France-based multinational company specializing in energy management and industrial automation. Its offerings help businesses, infrastructure operators, data centers, buildings and residential customers distribute, control, monitor and optimize electricity while improving operational efficiency and sustainability.

The company provides electrical distribution equipment, circuit breakers, switchgear, power management systems, industrial automation and control technologies, building-management solutions, and data-center infrastructure.