Legrand (OTCMKTS:LGRDY) Stock Price Up 1.6% - Still a Buy?

Legrand SA (OTCMKTS:LGRDY - Get Free Report) shares rose 1.6% on Wednesday . The stock traded as high as $21.47 and last traded at $21.45. Approximately 53,984 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 130,543 shares. The stock had previously closed at $21.12.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded shares of Legrand from a "strong sell" rating to a "hold" rating in a research report on Monday, February 24th.

Legrand Trading Down 6.1 %

The company has a quick ratio of 1.39, a current ratio of 1.95 and a debt-to-equity ratio of 0.68. The company has a market cap of $25.48 billion, a P/E ratio of 20.15, a P/E/G ratio of 5.98 and a beta of 0.83. The business has a 50-day moving average price of $21.69 and a two-hundred day moving average price of $21.29.

Legrand (OTCMKTS:LGRDY - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. Legrand had a net margin of 13.48% and a return on equity of 16.63%. The company had revenue of $2.58 billion during the quarter, compared to analysts' expectations of $2.19 billion. On average, analysts predict that Legrand SA will post 1.08 EPS for the current year.

Legrand Company Profile

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.