Logitech International S.A. (NASDAQ:LOGI) Given Average Rating of “Hold” by Analysts

Logitech International S.A. (NASDAQ:LOGI) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $102.1250.

LOGI has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Morgan Stanley restated an “underweight” rating and issued a $89.00 price target (down from $107.00) on shares of Logitech International in a report on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Logitech International in a report on Thursday, January 22nd. Citigroup cut their price objective on shares of Logitech International from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. Finally, BNP Paribas Exane downgraded Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 target price for the company. in a research note on Thursday, January 8th.

Logitech International Price Performance

Shares of NASDAQ:LOGI opened at $92.18 on Friday. Logitech International has a 1 year low of $64.73 and a 1 year high of $123.01. The business’s 50-day moving average is $93.03 and its 200-day moving average is $104.61.

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

Institutional Investors Weigh In On Logitech International

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of Logitech International by 16.6% in the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock worth $82,000 after purchasing an additional 107 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Logitech International by 6.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company’s stock valued at $207,000 after purchasing an additional 107 shares during the period. NatWest Group plc increased its stake in Logitech International by 0.5% during the 3rd quarter. NatWest Group plc now owns 22,813 shares of the technology company’s stock valued at $2,502,000 after purchasing an additional 113 shares in the last quarter. Pathstone Holdings LLC raised its holdings in Logitech International by 0.7% during the third quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock worth $1,812,000 after buying an additional 120 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in Logitech International by 1.1% during the third quarter. Frank Rimerman Advisors LLC now owns 11,389 shares of the technology company’s stock worth $1,249,000 after buying an additional 122 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

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.