Logitech International S.A. (NASDAQ:LOGI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Logitech International S.A. (NASDAQ:LOGI) have received an average rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $106.2857.

LOGI has been the topic of several recent analyst reports. Wedbush reissued an “outperform” rating and set a $135.00 price objective on shares of Logitech International in a research report on Tuesday, January 20th. Citigroup dropped their price target on shares of Logitech International from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Zacks Research downgraded shares of Logitech International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Morgan Stanley reaffirmed an “underweight” rating and set a $89.00 price target (down from $107.00) on shares of Logitech International in a report on Tuesday, January 20th. Finally, Wall Street Zen downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Saturday, December 27th.

Logitech International Stock Performance

Shares of LOGI stock opened at $92.81 on Wednesday. Logitech International has a one year low of $64.73 and a one year high of $123.01. The company’s 50-day moving average is $90.83 and its 200 day moving average is $102.41. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 3.27 and a beta of 1.08.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, January 27th. The technology company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.78 by $0.15. Logitech International had a net margin of 14.94% and a return on equity of 33.57%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm posted $1.59 EPS. Logitech International’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts predict that Logitech International will post 4.21 earnings per share for the current fiscal year.

Institutional Trading of Logitech International

A number of institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its holdings in shares of Logitech International by 16.6% during the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock valued at $82,000 after acquiring an additional 107 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Logitech International by 6.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company’s stock valued at $207,000 after acquiring an additional 107 shares during the last quarter. NatWest Group plc boosted its holdings in shares of Logitech International by 0.5% during the 3rd quarter. NatWest Group plc now owns 22,813 shares of the technology company’s stock valued at $2,502,000 after acquiring an additional 113 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Logitech International by 15.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 861 shares of the technology company’s stock valued at $86,000 after acquiring an additional 114 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its holdings in shares of Logitech International by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock valued at $1,812,000 after acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.