Logitech International S.A. (NASDAQ:LOGI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Logitech International S.A. (NASDAQ:LOGI) have received a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One research 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 1 year price objective among brokers that have issued a report on the stock in the last year is $97.13.

A number of brokerages recently issued reports on LOGI. Loop Capital dropped their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Wedbush reissued a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research note on Wednesday, January 22nd. Barclays increased their price objective on shares of Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Exane Asset Management bought a new stake in shares of Logitech International during the fourth quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB grew its holdings in Logitech International by 56.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after buying an additional 233 shares in the last quarter. Transamerica Financial Advisors Inc. increased its position in Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after buying an additional 1,153 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Logitech International during the third quarter worth $105,000. Finally, CWM LLC boosted its position in shares of Logitech International by 21.3% in the third quarter. CWM LLC now owns 2,062 shares of the technology company’s stock valued at $185,000 after acquiring an additional 362 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Logitech International Price Performance

Logitech International stock opened at $99.26 on Friday. The firm has a fifty day moving average price of $85.18 and a two-hundred day moving average price of $85.80. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 2.74 and a beta of 0.77. Logitech International has a fifty-two week low of $74.72 and a fifty-two week high of $102.59.

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

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.