Logitech International (NASDAQ:LOGI) Price Target Raised to $100.00

Logitech International (NASDAQ:LOGI) had its price objective upped by JPMorgan Chase & Co. from $99.00 to $100.00 in a research report released on Wednesday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other brokerages have also commented on LOGI. Loop Capital cut their target price 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. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $114.00 to $92.00 in a research note on Monday, December 16th. Barclays lifted their price objective on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. 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, Logitech International presently has a consensus rating of “Hold” and an average price target of $97.13.

Logitech International Stock Down 1.9 %

Shares of LOGI stock opened at $97.42 on Wednesday. Logitech International has a 12 month low of $74.72 and a 12 month high of $102.59. The stock has a 50 day moving average of $85.54 and a 200-day moving average of $85.83. The firm has a market cap of $15.41 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 3.01 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, beating 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%. As a group, equities analysts predict that Logitech International will post 4.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

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