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

Shares of Logitech International S.A. (NASDAQ:LOGI) have earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $96.88.

A number of research firms have commented on LOGI. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Bank of America reissued an “underperform” rating and issued a $90.00 target price (down previously from $105.00) on shares of Logitech International in a research report on Friday. Morgan Stanley upgraded shares of Logitech International from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Barclays lifted their price target on shares of Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st.

Logitech International Stock Down 1.4 %

Shares of LOGI stock opened at $97.54 on Tuesday. Logitech International has a twelve month low of $74.72 and a twelve month high of $105.65. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 2.61 and a beta of 0.78. The business’s fifty day moving average is $93.50 and its 200 day moving average is $87.79.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data 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 net margin of 14.38% and a return on equity of 30.53%. Equities research analysts expect that Logitech International will post 4.21 earnings per share for the current fiscal year.

Insider Activity at Logitech International

In related news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the sale, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.

Institutional Trading of Logitech International

Several large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in Logitech International by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company’s stock valued at $458,000 after buying an additional 127 shares during the period. Rosenberg Matthew Hamilton boosted its position in shares of Logitech International by 5.8% in the third quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock worth $210,000 after purchasing an additional 128 shares during the period. Freedom Investment Management Inc. boosted its position in shares of Logitech International by 4.1% in the fourth quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company’s stock worth $284,000 after purchasing an additional 136 shares during the period. Investment Management Corp of Ontario boosted its position in shares of Logitech International by 0.4% in 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. Finally, Tealwood Asset Management Inc. boosted its position 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 period. 45.76% of the stock is currently owned by institutional investors.

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.