Logitech International (NASDAQ:LOGI) Raised to Buy at Kepler Capital Markets

Logitech International (NASDAQ:LOGI) was upgraded by analysts at Kepler Capital Markets from a “hold” rating to a “buy” rating in a report released on Thursday, MarketBeat.com reports.

A number of other analysts also recently commented on the company. Wedbush reissued a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday, January 22nd. Barclays boosted their price target on shares of Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on shares of Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Logitech International currently has an average rating of “Hold” and an average price target of $97.13.

Logitech International Stock Down 1.9 %

Shares of NASDAQ LOGI opened at $97.42 on Thursday. The stock has a market cap of $15.41 billion, a P/E ratio of 22.87, a P/E/G ratio of 3.01 and a beta of 0.77. The firm’s 50-day simple moving average is $85.54 and its 200 day simple moving average is $85.83. 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 issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.20%. On average, sell-side analysts anticipate that Logitech International will post 4.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Logitech International

A number of institutional investors have recently modified their holdings of LOGI. Sierra Ocean LLC purchased a new stake in shares of Logitech International during the 4th quarter worth about $27,000. Exane Asset Management acquired a new position in Logitech International in the fourth quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB raised its position in Logitech International by 56.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after acquiring an additional 233 shares in the last quarter. Transamerica Financial Advisors Inc. raised its position in Logitech International by 115,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after acquiring an additional 1,153 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Logitech International in the third quarter valued at approximately $105,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

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.