Brokerages Set Logitech International S.A. (NASDAQ:LOGI) PT at $99.89

Shares of Logitech International S.A. (NASDAQ:LOGI – Get Rating) have received an average recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $99.89.

A number of research analysts have commented on the company. Morgan Stanley boosted their target price on Logitech International from $74.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, March 4th. The Goldman Sachs Group upgraded Logitech International from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Monday, April 4th. Bank of America assumed coverage on Logitech International in a research note on Thursday, March 24th. They issued a “buy” rating and a $107.00 target price on the stock. Credit Suisse Group lowered their target price on Logitech International from CHF 114 to CHF 107 in a research note on Wednesday, January 26th. Finally, StockNews.com assumed coverage on Logitech International in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of LOGI stock opened at $69.31 on Tuesday. Logitech International has a 1-year low of $67.36 and a 1-year high of $140.17. The stock’s fifty day simple moving average is $74.44 and its 200-day simple moving average is $80.09.

Logitech International (NASDAQ:LOGI – Get Rating) last issued its earnings results on Monday, January 24th. The technology company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. Logitech International had a return on equity of 35.43% and a net margin of 13.17%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $2.33 earnings per share. On average, equities research analysts anticipate that Logitech International will post 4.11 EPS for the current year.

In related news, General Counsel Samantha Harnett sold 1,320 shares of the business’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $74.24, for a total transaction of $97,996.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of LOGI. Norges Bank acquired a new position in shares of Logitech International during the 4th quarter worth about $112,570,000. Invesco Ltd. lifted its position in shares of Logitech International by 78.2% during the 4th quarter. Invesco Ltd. now owns 1,943,314 shares of the technology company’s stock worth $160,285,000 after purchasing an additional 852,891 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of Logitech International during the 4th quarter worth about $47,819,000. Susquehanna International Group Ltd. acquired a new position in shares of Logitech International during the 3rd quarter worth about $40,153,000. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of Logitech International by 1,761.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 418,955 shares of the technology company’s stock worth $37,429,000 after purchasing an additional 396,443 shares during the last quarter. 36.50% of the stock is owned by institutional investors and hedge funds.

Logitech International Company Profile (Get Rating)

Logitech International SA is a holding company, which engages in the design, manufacture, and marketing of peripherals for PCs, tablets, and other digital platforms. Its products include mice, keyboards, presentation remotes, headsets, and speakers. The firm offers solutions for healthy computing, wireless charging, streaming, virtual reality, rom home, schools, healthcare, and software and apps.

Further Reading