Logitech International (NASDAQ:LOGI) Stock Rating Lowered by TheStreet

Logitech International (NASDAQ:LOGIGet Rating) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.

Several other brokerages have also recently weighed in on LOGI. Bank of America initiated coverage on shares of Logitech International in a research report on Thursday, March 24th. They set a “buy” rating and a $107.00 price target for the company. Wedbush raised shares of Logitech International from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Tuesday, March 1st. StockNews.com began coverage on shares of Logitech International in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group dropped their target price on shares of Logitech International from CHF 114 to CHF 107 in a research report on Wednesday, January 26th. Finally, Loop Capital raised shares of Logitech International from a “hold” rating to a “buy” rating and raised their target price for the stock 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 assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $99.89.

Shares of LOGI 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 announced its quarterly earnings results on Monday, May 2nd. The technology company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ 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 quarter in the previous year, the company posted $1.36 earnings per share. As a group, equities research analysts forecast that Logitech International will post 4.06 EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of LOGI. Norges Bank purchased a new position in Logitech International during the 4th quarter valued at about $112,570,000. Invesco Ltd. increased its stake in Logitech International by 78.2% during the 4th quarter. Invesco Ltd. now owns 1,943,314 shares of the technology company’s stock valued at $160,285,000 after purchasing an additional 852,891 shares in the last quarter. AustralianSuper Pty Ltd bought a new stake in Logitech International during the 4th quarter valued at about $47,819,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Logitech International during the 1st quarter valued at about $41,947,000. Finally, Susquehanna International Group Ltd. bought a new stake in Logitech International during the 3rd quarter valued at about $40,153,000.

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.

Featured Articles

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.