Analysts Set Logitech International S.A. (NASDAQ:LOGI) Price Target at $91.00

Logitech International S.A. (NASDAQ:LOGIGet Free Report) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $91.00.

A number of equities research analysts have weighed in on LOGI shares. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Logitech International in a report on Tuesday, April 16th. JPMorgan Chase & Co. downgraded Logitech International from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $92.00 to $85.00 in a research note on Wednesday, May 1st. Berenberg Bank initiated coverage on Logitech International in a research note on Thursday, March 14th. They set a “buy” rating and a $111.00 price objective for the company. Morgan Stanley reissued an “underweight” rating and issued a $75.00 target price (down from $85.00) on shares of Logitech International in a report on Monday, April 15th. Finally, downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th.

Check Out Our Latest Research Report on Logitech International

Insider Activity

In related news, CFO Charles D. Boynton acquired 1,225 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was purchased at an average cost of $81.27 per share, with a total value of $99,555.75. Following the completion of the acquisition, the chief financial officer now directly owns 1,225 shares of the company’s stock, valued at $99,555.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Logitech International

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in Logitech International by 275.9% during the fourth quarter. BNP Paribas Financial Markets now owns 15,598 shares of the technology company’s stock valued at $1,483,000 after acquiring an additional 11,449 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Logitech International by 2.3% in the 4th quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock worth $501,223,000 after purchasing an additional 121,060 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Logitech International by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock worth $267,457,000 after buying an additional 760,263 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Logitech International during the fourth quarter valued at approximately $1,483,000. Finally, Baader Bank Aktiengesellschaft increased its holdings in Logitech International by 59.7% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 12,147 shares of the technology company’s stock valued at $1,151,000 after buying an additional 4,540 shares during the last quarter. 45.76% of the stock is owned by institutional investors.

Logitech International Trading Up 2.3 %

NASDAQ:LOGI opened at $100.01 on Friday. Logitech International has a 12 month low of $53.91 and a 12 month high of $100.06. The company has a 50-day moving average price of $86.75 and a 200-day moving average price of $88.51. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 3.02 and a beta of 0.78.

Logitech International (NASDAQ:LOGIGet Free Report) last released its earnings results on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $956.85 million. Logitech International had a return on equity of 27.46% and a net margin of 14.24%. Equities analysts forecast that Logitech International will post 3.85 EPS for the current fiscal year.

About Logitech International

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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.

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Analyst Recommendations for Logitech International (NASDAQ:LOGI)

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