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

Logitech International (NASDAQ:LOGI) had its price target increased by Citigroup from $92.00 to $105.00 in a report released on Wednesday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other equities analysts have also recently issued reports on LOGI. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Loop Capital reduced their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Barclays lowered their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $73.00 to $92.00 in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Logitech International has a consensus rating of “Hold” and an average target price of $97.13.

Logitech International Price Performance

NASDAQ LOGI opened at $96.85 on Wednesday. Logitech International has a one year low of $74.72 and a one year high of $102.59. The business has a 50 day simple moving average of $84.79 and a 200 day simple moving average of $85.70. The stock has a market capitalization of $15.32 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.74 and a beta of 0.77.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 15.65% and a return on equity of 30.68%. Equities analysts expect that Logitech International will post 4.12 earnings per share for the current year.

Institutional Trading of Logitech International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its holdings in Logitech International by 5.8% during 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 last quarter. Investment Management Corp of Ontario lifted its position in shares of Logitech International by 0.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock worth $3,629,000 after buying an additional 170 shares in the last quarter. Tealwood Asset Management Inc. lifted its position in shares of Logitech International by 1.2% during the 4th quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock worth $1,231,000 after buying an additional 175 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Logitech International by 2.8% in the 3rd quarter. Fulton Bank N.A. now owns 7,109 shares of the technology company’s stock worth $638,000 after buying an additional 196 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Logitech International by 2.5% in the third quarter. US Bancorp DE now owns 7,898 shares of the technology company’s stock valued at $709,000 after acquiring an additional 196 shares in the last quarter. Hedge funds and other institutional investors 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.