Logitech International (NASDAQ:LOGI) Price Target Raised to $105.00 at Citigroup

Logitech International (NASDAQ:LOGI - Free Report) had its price objective lifted by Citigroup from $92.00 to $105.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the technology company's stock.

A number of other equities research analysts have also weighed in on LOGI. JPMorgan Chase & Co. boosted their price objective on Logitech International from $93.00 to $99.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. StockNews.com upgraded Logitech International from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Wedbush reiterated a "neutral" rating and issued a $88.00 price objective on shares of Logitech International in a report on Wednesday, January 22nd. Loop Capital reduced their target price on shares of Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a report on Monday, October 28th. Finally, Bank of America downgraded shares of Logitech International from a "buy" rating to a "neutral" rating and dropped their price target for the company from $114.00 to $92.00 in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $97.13.

Logitech International Trading Down 1.9 %

NASDAQ LOGI traded down $1.84 during trading on Wednesday, hitting $97.42. 1,239,986 shares of the company's stock were exchanged, compared to its average volume of 745,688. The company has a market cap of $15.41 billion, a PE ratio of 22.87, a P/E/G ratio of 3.01 and a beta of 0.77. Logitech International has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The stock's 50 day moving average price is $85.54 and its two-hundred day moving average price is $85.79.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.20%. Analysts forecast that Logitech International will post 4.13 earnings per share for the current fiscal year.

Institutional Trading of Logitech International

A number of large investors have recently bought and sold shares of the business. Sierra Ocean LLC bought a new stake in shares of Logitech International during the 4th quarter valued at about $27,000. Exane Asset Management bought a new position in shares of Logitech International during the 4th quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock worth $53,000 after buying an additional 233 shares during the period. Transamerica Financial Advisors Inc. increased its stake in shares of Logitech International by 115,300.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company's stock valued at $104,000 after acquiring an additional 1,153 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Logitech International during the 3rd quarter valued at $105,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.