Schneider Electric (OTCMKTS:SBGSY) Downgraded to Hold Rating by Zacks Research

Schneider Electric (OTCMKTS:SBGSY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.

Several other equities research analysts have also issued reports on SBGSY. Morgan Stanley reissued an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Berenberg Bank raised shares of Schneider Electric to a “strong-buy” rating in a report on Monday, June 1st. Finally, Barclays restated an “overweight” rating on shares of Schneider Electric in a research report on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Schneider Electric Price Performance

Shares of Schneider Electric stock opened at $66.78 on Thursday. The business has a 50-day moving average price of $65.43 and a 200 day moving average price of $62.73. Schneider Electric has a fifty-two week low of $50.61 and a fifty-two week high of $71.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.90.

Institutional Trading of Schneider Electric

Several hedge funds have recently made changes to their positions in the stock. Notis McConarty Edward boosted its position in Schneider Electric by 0.5% during the 2nd 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 during the period. Madison Asset Management LLC increased its position in Schneider Electric by 2.7% in the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock worth $16,072,000 after buying an additional 6,591 shares during the period. Elefante Mark B lifted its stake in Schneider Electric by 10.0% in the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock valued at $6,292,000 after buying an additional 8,800 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC bought a new stake in Schneider Electric in the second quarter valued at $11,623,000. Institutional investors own 0.83% of the company’s stock.

About Schneider Electric

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.