LeGrand (OTCMKTS:LGRDY) Raised to Hold at Evercore

LeGrand (OTCMKTS:LGRDY) was upgraded by research analysts at Evercore to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

LGRDY has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of LeGrand in a research note on Tuesday, January 6th. Kepler Capital Markets cut LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. UBS Group upgraded LeGrand to a “hold” rating in a research note on Tuesday, December 16th. The Goldman Sachs Group cut LeGrand from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Finally, Citigroup reiterated a “buy” rating on shares of LeGrand in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

LeGrand Trading Up 0.7%

OTCMKTS:LGRDY opened at $35.18 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.69 and a current ratio of 2.22. LeGrand has a one year low of $20.81 and a one year high of $36.92. The business’s 50-day simple moving average is $33.17 and its 200 day simple moving average is $31.89. The stock has a market cap of $46.13 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94.

LeGrand (OTCMKTS:LGRDY) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). LeGrand had a return on equity of 16.70% and a net margin of 16.69%.The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. As a group, sell-side analysts predict that LeGrand will post 1.08 earnings per share for the current fiscal year.

LeGrand Company Profile

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.