Logitech International S.A. (NASDAQ:LOGI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Logitech International S.A. (NASDAQ:LOGI) have earned an average rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $102.1250.

Several brokerages have issued reports on LOGI. BNP Paribas Exane lowered Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 price target for the company. in a research note on Thursday, January 8th. Wedbush reiterated an “outperform” rating and set a $135.00 price objective on shares of Logitech International in a research report on Tuesday, January 20th. Morgan Stanley reissued an “underweight” rating and set a $89.00 price objective (down from $107.00) on shares of Logitech International in a report on Tuesday, January 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Logitech International in a research report on Thursday, January 22nd. Finally, Zacks Research lowered Logitech International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th.

Logitech International Price Performance

Shares of NASDAQ:LOGI opened at $91.12 on Wednesday. The company’s fifty day moving average price is $90.91 and its 200-day moving average price is $103.09. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 3.30 and a beta of 1.09. Logitech International has a one year low of $64.73 and a one year high of $123.01.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, January 27th. The technology company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. Logitech International had a net margin of 14.94% and a return on equity of 33.57%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $1.59 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts expect that Logitech International will post 4.21 EPS for the current year.

Institutional Investors Weigh In On Logitech International

A number of institutional investors have recently made changes to their positions in LOGI. Fifth Third Bancorp grew its holdings in shares of Logitech International by 16.6% during the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock valued at $82,000 after purchasing an additional 107 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Logitech International by 6.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company’s stock worth $207,000 after purchasing an additional 107 shares during the period. NatWest Group plc lifted its stake in Logitech International by 0.5% in the third quarter. NatWest Group plc now owns 22,813 shares of the technology company’s stock worth $2,502,000 after purchasing an additional 113 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Logitech International by 15.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 861 shares of the technology company’s stock valued at $86,000 after buying an additional 114 shares during the period. Finally, Pathstone Holdings LLC boosted its position in Logitech International by 0.7% during the third quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock valued at $1,812,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 45.76% of the company’s stock.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.