Logitech International (NASDAQ:LOGI) Upgraded at StockNews.com

StockNews.com upgraded shares of Logitech International (NASDAQ:LOGI) from a hold rating to a buy rating in a research note released on Thursday.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley upgraded shares of Logitech International from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $73.00 to $92.00 in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Logitech International from $93.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Wedbush reiterated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research report on Wednesday. Finally, Loop Capital reduced their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Logitech International presently has a consensus rating of “Hold” and an average target price of $95.75.

Logitech International Trading Down 0.4 %

Shares of LOGI stock opened at $91.18 on Thursday. The company has a market capitalization of $14.42 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77. The business’s 50 day moving average is $83.84 and its two-hundred day moving average is $85.65. Logitech International has a twelve month low of $74.72 and a twelve month high of $102.59.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its position in Logitech International by 56.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after buying an additional 233 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in Logitech International during the 2nd quarter worth about $63,000. Benjamin F. Edwards & Company Inc. raised its stake in Logitech International by 139.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after purchasing an additional 495 shares during the last quarter. Transamerica Financial Advisors Inc. lifted its holdings in Logitech International by 115,300.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Logitech International during the 3rd quarter worth about $105,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.