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

Logitech International S.A. (NASDAQ:LOGI) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $102.1250.

Several equities analysts recently issued reports on the stock. Morgan Stanley restated an “underweight” rating and issued a $89.00 target price (down previously from $107.00) on shares of Logitech International in a report on Tuesday, January 20th. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Barclays reaffirmed an “equal weight” rating and set a $98.00 target price (down previously from $134.00) on shares of Logitech International in a research note on Friday, January 16th. Wedbush reissued an “outperform” rating and issued a $135.00 price target on shares of Logitech International in a research note on Tuesday, January 20th. Finally, Citigroup reduced their price objective on shares of Logitech International from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th.

Hedge Funds Weigh In On Logitech International

Institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in Logitech International in the third quarter valued at approximately $30,000. Mather Group LLC. bought a new position in shares of Logitech International in the 3rd quarter worth $34,000. Westside Investment Management Inc. raised its holdings in Logitech International by 100.0% during the third quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock worth $36,000 after buying an additional 163 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in shares of Logitech International by 63.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock worth $36,000 after acquiring an additional 128 shares during the last quarter. Finally, Westerkirk Capital Inc. bought a new position in shares of Logitech International in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Up 0.3%

Shares of NASDAQ:LOGI opened at $91.69 on Tuesday. Logitech International has a 12-month low of $64.73 and a 12-month high of $123.01. The business has a fifty day simple moving average of $101.10 and a 200 day simple moving average of $105.39.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Tuesday, January 27th. The technology company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.15. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Logitech International had a return on equity of 33.57% and a net margin of 14.94%.The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share. On average, analysts forecast that Logitech International will post 4.21 EPS for the current fiscal year.

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.