LeGrand SA (OTCMKTS:LGRDY) Stock Short Interest Report for October

by · The Cerbat Gem

LeGrand SA (OTCMKTS:LGRDY – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 15,523 shares, a decrease of 66.8% from the September 30th total of 46,757 shares. Based on an average trading volume of 282,769 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays reiterated an “overweight” rating on shares of LeGrand in a report on Monday, October 5th. Evercore upgraded shares of LeGrand from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Zacks Research raised shares of LeGrand from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Morgan Stanley reiterated an “overweight” rating on shares of LeGrand in a report on Friday, August 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of LeGrand from a “hold” rating to a “buy” rating in a research report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Get Our Latest Report on LGRDY

LeGrand Stock Down 3.5%

Shares of LGRDY stock traded down $1.05 on Friday, hitting $29.02. 136,686 shares of the stock were exchanged, compared to its average volume of 230,099. The company has a current ratio of 1.58, a quick ratio of 1.12 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $38.05 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. LeGrand has a fifty-two week low of $27.32 and a fifty-two week high of $37.91. The business has a 50-day moving average of $31.03 and a 200 day moving average of $32.50.

LeGrand (OTCMKTS:LGRDY – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.18 billion. LeGrand had a net margin of 13.01% and a return on equity of 17.74%. Equities analysts anticipate that LeGrand will post 1.38 EPS for the current year.

LeGrand Company Profile

(Get Free Report)

Legrand SA is a France-based manufacturer of electrical and digital building infrastructure products. Its portfolio includes wiring devices, switches and sockets, circuit protection and power distribution equipment, cable management systems, lighting controls, and home and building automation solutions.

The company also provides infrastructure for data centers and communication networks, including connectivity, racks, power-management equipment, and uninterruptible power systems. Its products are used in residential, commercial, industrial, and institutional buildings.

Legrand traces its origins to a porcelain manufacturing business established in Limoges, France, in 1904, and later expanded into electrical equipment and building systems.

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