Logitech International (NASDAQ:LOGI) Downgraded by TheStreet

TheStreet lowered shares of Logitech International (NASDAQ:LOGIGet Rating) from a b rating to a c+ rating in a report issued on Friday, TheStreetRatingsTable reports.

Other equities analysts also recently issued reports about the stock. Wedbush raised shares of Logitech International from a neutral rating to an outperform rating and set a $90.00 price objective for the company in a research note on Tuesday, March 1st. Credit Suisse Group lowered their price objective on shares of Logitech International from CHF 114 to CHF 107 in a research note on Wednesday, January 26th. Bank of America assumed coverage on shares of Logitech International in a research note on Thursday, March 24th. They set a buy rating and a $107.00 price objective for the company. The Goldman Sachs Group upgraded shares of Logitech International from a neutral rating to a buy rating and set a $107.00 price target on the stock in a research report on Monday, April 4th. Finally, Loop Capital upgraded shares of Logitech International from a hold rating to a buy rating and boosted their price target for the company from $80.00 to $110.00 in a research report on Friday, March 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $99.89.

Logitech International stock opened at $66.34 on Friday. The firm has a fifty day simple moving average of $71.94 and a two-hundred day simple moving average of $78.23. Logitech International has a twelve month low of $63.29 and a twelve month high of $140.17.

Logitech International (NASDAQ:LOGIGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.18. Logitech International had a net margin of 13.17% and a return on equity of 35.43%. During the same period in the prior year, the firm earned $1.36 earnings per share. On average, equities analysts anticipate that Logitech International will post 4.06 EPS for the current fiscal year.

In other Logitech International news, General Counsel Samantha Harnett sold 1,320 shares of the company’s stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $74.24, for a total value of $97,996.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Capital World Investors grew its holdings in shares of Logitech International by 4.1% during the fourth quarter. Capital World Investors now owns 5,217,957 shares of the technology company’s stock valued at $440,251,000 after buying an additional 204,538 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Logitech International by 11.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,403,926 shares of the technology company’s stock valued at $255,964,000 after buying an additional 345,043 shares during the last quarter. Pictet Asset Management SA grew its holdings in shares of Logitech International by 7.3% during the fourth quarter. Pictet Asset Management SA now owns 2,297,999 shares of the technology company’s stock valued at $193,899,000 after buying an additional 156,275 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Logitech International by 78.2% during the fourth quarter. Invesco Ltd. now owns 1,943,314 shares of the technology company’s stock valued at $160,285,000 after buying an additional 852,891 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Logitech International during the fourth quarter valued at approximately $112,570,000.

About Logitech International (Get Rating)

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that helps people connect to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.

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Analyst Recommendations for Logitech International (NASDAQ:LOGI)

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