Logitech International (NASDAQ:LOGI) Price Target Raised to $105.00 at Citigroup

Logitech International (NASDAQ:LOGI) had its target price lifted by Citigroup from $92.00 to $105.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other analysts also recently weighed in on LOGI. JPMorgan Chase & Co. upped their price target on shares of Logitech International from $93.00 to $99.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Barclays cut their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research note on Wednesday, January 22nd. Bank of America downgraded Logitech International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $114.00 to $92.00 in a research report on Monday, December 16th. Finally, Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $73.00 to $92.00 in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Logitech International currently has an average rating of “Hold” and a consensus target price of $97.13.

Logitech International Trading Up 4.2 %

Shares of LOGI stock opened at $96.85 on Wednesday. The stock has a market cap of $15.32 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77. Logitech International has a 1 year low of $74.72 and a 1 year high of $102.59. The stock has a 50 day simple moving average of $84.79 and a 200 day simple moving average of $85.70.

Logitech International (NASDAQ:LOGI) last released its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) 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%. Analysts forecast that Logitech International will post 4.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its position in Logitech International by 5.8% during the 3rd 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 period. Investment Management Corp of Ontario lifted its holdings in shares of Logitech International by 0.4% during the third quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock worth $3,629,000 after purchasing an additional 170 shares during the period. Tealwood Asset Management Inc. grew its stake 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 worth $1,231,000 after purchasing an additional 175 shares during the last quarter. Fulton Bank N.A. increased its holdings in Logitech International by 2.8% in the third quarter. Fulton Bank N.A. now owns 7,109 shares of the technology company’s stock valued at $638,000 after purchasing an additional 196 shares during the period. Finally, US Bancorp DE raised its position in Logitech International by 2.5% during the 3rd quarter. US Bancorp DE now owns 7,898 shares of the technology company’s stock worth $709,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

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.