Logitech International S.A. (NASDAQ:LOGI) Receives Consensus Rating of "Hold" from Analysts

Shares of Logitech International S.A. (NASDAQ:LOGI - Get Free Report) have received a consensus recommendation of "Hold" from the eleven brokerages that are currently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $97.13.

A number of brokerages have issued reports on LOGI. Kepler Capital Markets upgraded shares of Logitech International from a "hold" rating to a "buy" rating in a report on Thursday. Loop Capital decreased their price target on shares of Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Morgan Stanley upgraded shares of Logitech International from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Citigroup raised their target price on shares of Logitech International from $92.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, UBS Group raised Logitech International from a "sell" rating to a "neutral" rating in a research note on Wednesday, November 20th.

Hedge Funds Weigh In On Logitech International

A number of large investors have recently added to or reduced their stakes in LOGI. Private Advisor Group LLC increased its position in shares of Logitech International by 47.4% during the fourth quarter. Private Advisor Group LLC now owns 6,103 shares of the technology company's stock worth $503,000 after purchasing an additional 1,962 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Logitech International by 109.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company's stock worth $99,000 after acquiring an additional 631 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Logitech International in the fourth quarter valued at approximately $297,000. Atria Wealth Solutions Inc. purchased a new position in shares of Logitech International during the 4th quarter valued at approximately $246,000. Finally, Sierra Ocean LLC purchased a new position in Logitech International in the 4th quarter valued at about $27,000. 45.76% of the stock is currently owned by institutional investors.

Logitech International Stock Down 1.0 %

NASDAQ:LOGI traded down $0.97 during trading hours on Friday, hitting $96.45. 1,576,782 shares of the stock traded hands, compared to its average volume of 907,877. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78. The stock has a 50 day moving average price of $85.54 and a 200 day moving average price of $85.76. Logitech International has a 1 year low of $74.72 and a 1 year high of $102.59.

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 for the quarter, topping analysts' consensus estimates of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. Equities analysts forecast that Logitech International will post 4.18 earnings per share for the current fiscal year.

About Logitech International

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.