Barclays Issues Positive Forecast for Logitech International (NASDAQ:LOGI) Stock Price

Logitech International (NASDAQ:LOGI) had its target price raised by Barclays from $103.00 to $108.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

Several other research analysts also recently issued reports on LOGI. JPMorgan Chase & Co. boosted 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. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $73.00 to $92.00 in a report on Thursday, January 23rd. Loop Capital lowered their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. StockNews.com raised Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $97.13.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $97.42 on Wednesday. Logitech International has a 52-week low of $74.72 and a 52-week high of $102.59. The company 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 stock’s 50-day moving average is $85.54 and its 200-day moving average is $85.83.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results 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 return on equity of 30.20% and a net margin of 14.38%. As a group, equities analysts predict that Logitech International will post 4.13 EPS for the current year.

Hedge Funds Weigh In On Logitech International

Several institutional investors have recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton increased its holdings in shares of 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 buying an additional 128 shares in the last quarter. Investment Management Corp of Ontario increased its holdings in 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 valued at $3,629,000 after purchasing an additional 170 shares in the last quarter. Tealwood Asset Management Inc. increased its holdings in Logitech International by 1.2% during the 4th quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock valued at $1,231,000 after purchasing an additional 175 shares in the last quarter. Fulton Bank N.A. boosted its stake in Logitech International by 2.8% in the third quarter. Fulton Bank N.A. now owns 7,109 shares of the technology company’s stock worth $638,000 after purchasing an additional 196 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Logitech International by 2.5% in the third quarter. US Bancorp DE now owns 7,898 shares of the technology company’s stock worth $709,000 after purchasing an additional 196 shares in the last quarter. 45.76% of the stock is 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.