Analysts Set Logitech International SA (NASDAQ:LOGI) Price Target at $52.00

Shares of Logitech International SA (NASDAQ:LOGI) have been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $52.00.

A number of brokerages recently commented on LOGI. Maxim Group restated a “hold” rating on shares of Logitech International in a report on Monday, March 9th. UBS Group cut Logitech International from a “neutral” rating to a “sell” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Logitech International from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a research note on Thursday, February 27th. DA Davidson reiterated a “buy” rating and issued a $64.00 price objective on shares of Logitech International in a research note on Wednesday, January 22nd. Finally, Wedbush upgraded Logitech International from a “neutral” rating to an “outperform” rating in a research note on Monday, March 9th.

Logitech International stock traded up $0.97 during midday trading on Monday, reaching $42.50. 577,900 shares of the stock traded hands, compared to its average volume of 329,714. The company has a 50-day simple moving average of $41.09 and a two-hundred day simple moving average of $42.91. Logitech International has a 12-month low of $31.37 and a 12-month high of $48.83. The firm has a market cap of $6.90 billion, a PE ratio of 25.91 and a beta of 1.41.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Monday, January 20th. The technology company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Logitech International had a return on equity of 25.99% and a net margin of 9.61%. The company had revenue of $902.69 million during the quarter, compared to analysts’ expectations of $898.52 million. On average, analysts expect that Logitech International will post 1.82 EPS for the current year.

In other Logitech International news, CEO Bracken Darrell sold 28,758 shares of Logitech International stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $46.97, for a total transaction of $1,350,763.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Didier Hirsch sold 13,844 shares of Logitech International stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $48.34, for a total value of $669,218.96. Following the transaction, the director now directly owns 23,953 shares in the company, valued at approximately $1,157,888.02. The disclosure for this sale can be found here. Insiders have sold a total of 78,972 shares of company stock worth $3,739,556 in the last three months. Corporate insiders own 1.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Logitech International by 1.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 698,546 shares of the technology company’s stock valued at $33,041,000 after buying an additional 13,050 shares in the last quarter. RMR Wealth Builders bought a new stake in shares of Logitech International during the 4th quarter worth $59,000. Norges Bank bought a new stake in shares of Logitech International during the 4th quarter worth $184,009,000. Verus Capital Partners LLC bought a new stake in shares of Logitech International during the 4th quarter worth $75,000. Finally, Geode Capital Management LLC boosted its position in shares of Logitech International by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 124,721 shares of the technology company’s stock worth $5,881,000 after buying an additional 588 shares during the period. 38.21% of the stock is currently owned by institutional investors.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.

Featured Article: Profit margin is different from the revenue

Analyst Recommendations for Logitech International (NASDAQ:LOGI)

Receive News & Ratings for Logitech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International and related companies with MarketBeat.com's FREE daily email newsletter.