Logitech International S.A. (NASDAQ:LOGI) Receives $97.13 Consensus Price Target from Analysts

Logitech International S.A. (NASDAQ:LOGI) has been given a consensus recommendation of “Hold” by the eleven analysts that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $97.13.

A number of brokerages have issued reports on LOGI. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Wedbush reiterated a “neutral” rating and set a $88.00 price target on shares of Logitech International in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $73.00 to $92.00 in a research note on Thursday, January 23rd. Finally, Barclays increased their target price 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.

Institutional Investors Weigh In On Logitech International

Several institutional investors have recently made changes to their positions in LOGI. Janney Montgomery Scott LLC lifted its stake in Logitech International by 4,876.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after purchasing an additional 164,185 shares in the last quarter. SpiderRock Advisors LLC purchased a new stake in shares of Logitech International in the third quarter worth $1,431,000. Assetmark Inc. boosted its stake in Logitech International by 6,766.2% during the third quarter. Assetmark Inc. now owns 49,231 shares of the technology company’s stock valued at $4,418,000 after buying an additional 48,514 shares during the period. Summit Global Investments purchased a new position in Logitech International during the third quarter worth about $1,299,000. Finally, Strengthening Families & Communities LLC increased its stake in Logitech International by 9.2% in the 3rd quarter. Strengthening Families & Communities LLC now owns 4,498 shares of the technology company’s stock worth $404,000 after acquiring an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Stock Up 2.2 %

Shares of Logitech International stock opened at $98.56 on Friday. Logitech International has a 52 week low of $74.72 and a 52 week high of $102.59. The business has a 50 day moving average price of $86.18 and a 200-day moving average price of $85.87. The company has a market cap of $15.59 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. As a group, research analysts anticipate that Logitech International will post 4.18 EPS for the current year.

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.