Logitech International S.A. (NASDAQ:LOGI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Logitech International S.A. (NASDAQ:LOGI) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $97.13.

Several brokerages recently weighed in on LOGI. Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $73.00 to $92.00 in a research note on Thursday, January 23rd. Barclays increased their price target on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday. Wedbush reiterated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a report on Wednesday, January 22nd. Kepler Capital Markets upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $114.00 to $92.00 in a research note on Monday, December 16th.

Logitech International Stock Performance

Shares of LOGI opened at $99.26 on Friday. Logitech International has a 52-week low of $74.72 and a 52-week high of $102.59. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.74 and a beta of 0.77. The business’s fifty day moving average is $85.18 and its 200-day moving average is $85.80.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.68% and a net margin of 15.65%. As a group, research analysts forecast that Logitech International will post 4.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Logitech International

A number of institutional investors have recently modified their holdings of LOGI. Rosenberg Matthew Hamilton raised its holdings in Logitech International by 5.8% during the third quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock worth $210,000 after buying an additional 128 shares during the last quarter. Investment Management Corp of Ontario lifted its position in Logitech International by 0.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock valued at $3,629,000 after acquiring an additional 170 shares in the last quarter. Tealwood Asset Management Inc. lifted its holdings in shares of Logitech International by 1.2% in the fourth quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock valued at $1,231,000 after purchasing an additional 175 shares in the last quarter. Fulton Bank N.A. grew its holdings in Logitech International by 2.8% during the third quarter. Fulton Bank N.A. now owns 7,109 shares of the technology company’s stock worth $638,000 after buying an additional 196 shares in the last quarter. Finally, US Bancorp DE raised its position in Logitech International by 2.5% in the 3rd quarter. US Bancorp DE now owns 7,898 shares of the technology company’s stock valued at $709,000 after buying an additional 196 shares during the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

Logitech International Company Profile

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.