Logitech International SA Upgraded to “Hold” by TheStreet (LOGI)
Logitech International SA (NASDAQ:LOGI) was upgraded by research analysts at TheStreet from a “sell” rating to a “hold” rating in a report released on Friday, Analyst Ratings.Net reports.
The analysts wrote, “Logitech International S.A (LOGI) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we find that the company’s return on equity has been disappointing.”
Shares of Logitech International SA (NASDAQ:LOGI) traded down 0.87% during mid-day trading on Friday, hitting $10.28. The stock had a trading volume of 512,214 shares. Logitech International SA has a one year low of $6.24 and a one year high of $9.52. The stock’s 50-day moving average is $7.51 and its 200-day moving average is $6.97. The company’s market cap is $1.643 billion.
Logitech International SA (NASDAQ:LOGI) last released its earnings data on Wednesday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $531.97 million for the quarter, compared to the consensus estimate of $502.63 million. On average, analysts predict that Logitech International SA will post $0.27 earnings per share for the current fiscal year.
LOGI has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of Logitech International SA from $7.00 to $8.00 in a research note to investors on Friday, October 11th. They now have a “neutral” rating on the stock. Separately, analysts at Zacks upgraded shares of Logitech International SA from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, September 27th. They now have a $11.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Logitech International SA in a research note to investors on Friday, September 6th. They now have a $8.50 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Logitech International SA presently has an average rating of “Hold” and an average price target of $8.67.
Logitech International SA (NASDAQ:LOGI) is a provider of personal peripherals for computers and other digital platforms.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.