Royal Bank of Canada Upgrades Legrand (OTCMKTS:LGRDY) to Hold

Royal Bank of Canada upgraded shares of Legrand (OTCMKTS:LGRDY - Free Report) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

Legrand Stock Performance

LGRDY traded down $0.12 during midday trading on Monday, hitting $21.84. 80,135 shares of the company were exchanged, compared to its average volume of 111,655. Legrand has a 1-year low of $18.94 and a 1-year high of $23.63. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $28.83 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 5.98 and a beta of 1.00. The company's 50 day simple moving average is $20.51 and its 200 day simple moving average is $21.24.

Legrand (OTCMKTS:LGRDY - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. Legrand had a return on equity of 16.63% and a net margin of 13.48%. The firm had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.19 billion. As a group, sell-side analysts predict that Legrand will post 1.08 earnings per share 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.