Logitech International SA Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:LOGI)
Logitech International SA (NASDAQ:LOGI) has received a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, Stock Ratings Network.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $16.50.
LOGI has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Logitech International SA to a “buy” rating in a research note on Wednesday. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Logitech International SA in a research note on Thursday, July 31st. They now have a $18.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Logitech International SA from an “underweight” rating to a “neutral” rating in a research note on Friday, July 25th. They now have a $15.00 price target on the stock, up previously from $13.50.
Shares of Logitech International SA (NASDAQ:LOGI) traded down 0.40% on Thursday, hitting $13.855. 42,500 shares of the company’s stock traded hands. Logitech International SA has a 1-year low of $7.89 and a 1-year high of $16.88. The stock has a 50-day moving average of $14.05 and a 200-day moving average of $14.10. The company has a market cap of $2.259 billion and a P/E ratio of 24.07. Logitech International SA also was the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 20,368,639 shares, an increase of 11.8% from the July 31st total of 18,215,224 shares. Currently, 13.7% of the shares of the company are sold short. Based on an average trading volume of 660,906 shares, the short-interest ratio is presently 30.8 days.
Logitech International SA (NASDAQ:LOGI) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.15. The company had revenue of $484.00 million for the quarter, compared to the consensus estimate of $476.95 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Logitech International SA will post $0.87 earnings per share for the current fiscal year.
Logitech International SA (NASDAQ:LOGI) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.
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