Logitech International S.A. (NASDAQ:LOGI) Receives $97.13 Consensus PT from Brokerages

Shares of Logitech International S.A. (NASDAQ:LOGIGet Free Report) have been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $97.13.

Several analysts have issued reports on the company. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. StockNews.com upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays upped their price target on shares of Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Citigroup lifted their price objective on Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Loop Capital dropped their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th.

View Our Latest Analysis on LOGI

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Todd Asset Management LLC boosted its stake in shares of Logitech International by 6.7% during the 4th quarter. Todd Asset Management LLC now owns 39,570 shares of the technology company’s stock valued at $3,259,000 after purchasing an additional 2,500 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Logitech International by 5.7% during the 4th quarter. Bank of New York Mellon Corp now owns 351,097 shares of the technology company’s stock valued at $28,913,000 after acquiring an additional 18,986 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Logitech International by 6.9% during the 4th quarter. IFP Advisors Inc now owns 3,790 shares of the technology company’s stock worth $312,000 after acquiring an additional 246 shares during the period. Private Advisor Group LLC raised its position in shares of Logitech International by 47.4% in the 4th quarter. Private Advisor Group LLC now owns 6,103 shares of the technology company’s stock worth $503,000 after acquiring an additional 1,962 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Logitech International by 109.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock valued at $99,000 after purchasing an additional 631 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Stock Performance

Logitech International stock opened at $98.56 on Friday. Logitech International has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The stock has a market cap of $15.59 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78. The firm’s fifty day moving average price is $86.18 and its 200-day moving average price is $85.87.

Logitech International (NASDAQ:LOGIGet Free Report) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. On average, analysts predict that Logitech International will post 4.18 earnings per share for the current year.

Logitech International Company Profile

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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.

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Analyst Recommendations for Logitech International (NASDAQ:LOGI)

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