Logitech International (NASDAQ:LOGI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Logitech International (NASDAQ:LOGI - Free Report) had its target price upped by JPMorgan Chase & Co. from $99.00 to $100.00 in a report issued on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the technology company's stock.

Several other equities research analysts have also recently weighed in on the company. StockNews.com raised Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Citigroup boosted their price objective on Logitech International from $92.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday. Barclays boosted their price objective on Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wedbush reaffirmed a "neutral" rating and set a $88.00 target price on shares of Logitech International in a research note on Wednesday, January 22nd. Finally, Morgan Stanley raised Logitech International from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $97.13.

Logitech International Trading Down 1.9 %

NASDAQ LOGI traded down $1.84 on Wednesday, hitting $97.42. 1,239,986 shares of the company traded hands, compared to its average volume of 745,688. The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 3.01 and a beta of 0.77. The business's 50 day moving average price is $85.54 and its 200-day moving average price is $85.79. Logitech International has a 52-week low of $74.72 and a 52-week high of $102.59.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.20% and a net margin of 14.38%. As a group, sell-side analysts predict that Logitech International will post 4.13 earnings per share for the current year.

Hedge Funds Weigh In On Logitech International

Several hedge funds have recently made changes to their positions in the company. Rosenberg Matthew Hamilton increased its position in shares of Logitech International by 5.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company's stock valued at $210,000 after acquiring an additional 128 shares during the period. Investment Management Corp of Ontario grew its position in Logitech International by 0.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company's stock worth $3,629,000 after purchasing an additional 170 shares during the period. Tealwood Asset Management Inc. grew its position in Logitech International by 1.2% during the 4th quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company's stock worth $1,231,000 after purchasing an additional 175 shares during the period. Fulton Bank N.A. grew its position in Logitech International by 2.8% during the 3rd quarter. Fulton Bank N.A. now owns 7,109 shares of the technology company's stock worth $638,000 after purchasing an additional 196 shares during the period. Finally, US Bancorp DE grew its position in Logitech International by 2.5% during the 3rd quarter. US Bancorp DE now owns 7,898 shares of the technology company's stock worth $709,000 after purchasing an additional 196 shares during the period. 45.76% of the stock is 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.