Legrand (OTCMKTS:LGRDY) Raised to “Hold” at Royal Bank of Canada

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

Legrand Price Performance

OTCMKTS:LGRDY opened at $22.21 on Monday. The firm has a market cap of $29.32 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 5.98 and a beta of 1.00. 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 company’s 50-day moving average is $20.41 and its two-hundred day moving average is $21.22. Legrand has a 12-month low of $18.94 and a 12-month high of $23.63.

Legrand (OTCMKTS:LGRDY) last posted its earnings results on Thursday, February 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.19 billion. Legrand had a net margin of 13.48% and a return on equity of 16.63%. Research analysts expect that Legrand 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.