Logitech International (NASDAQ:LOGI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Logitech International (NASDAQ:LOGI) had its price target boosted by JPMorgan Chase & Co. from $99.00 to $100.00 in a research note released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the technology company’s stock.

LOGI has been the topic of several other reports. Citigroup raised their target price on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research report on Wednesday, January 22nd. Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Barclays upped their price objective on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, StockNews.com upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $97.13.

Logitech International Stock Performance

Shares of LOGI opened at $97.42 on Wednesday. The firm has a market capitalization of $15.41 billion, a PE ratio of 22.87, a P/E/G ratio of 3.01 and a beta of 0.77. The stock has a 50 day simple moving average of $85.54 and a 200 day simple moving average of $85.83. Logitech International has a 52-week low of $74.72 and a 52-week high of $102.59.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.20% and a net margin of 14.38%. Equities research analysts predict that Logitech International will post 4.13 EPS for the current fiscal year.

Institutional Trading of Logitech International

Large investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in Logitech International by 64.2% during the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after purchasing an additional 1,967,133 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Logitech International by 2,315.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after buying an additional 1,385,493 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Logitech International by 34.2% during the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock worth $402,802,000 after buying an additional 1,240,478 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Logitech International in the third quarter valued at about $15,891,000. Finally, Janney Montgomery Scott LLC raised its stake in Logitech International by 4,876.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after acquiring an additional 164,185 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

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.