Logitech International (LOGI) Coverage Initiated at Maxim Group

Maxim Group assumed coverage on shares of Logitech International (NASDAQ:LOGI) in a research note published on Monday, MarketBeat.com reports. The brokerage issued a sell rating on the technology company’s stock.

Several other equities analysts have also weighed in on the company. Zacks Investment Research lowered Logitech International from a strong-buy rating to a hold rating in a report on Monday, September 24th. BidaskClub lowered Logitech International from a sell rating to a strong sell rating in a report on Thursday, October 11th. Citigroup reduced their price objective on Logitech International from $50.00 to $48.00 and set a buy rating for the company in a report on Tuesday, October 16th. DA Davidson increased their price objective on Logitech International from $55.00 to $58.00 and gave the company a buy rating in a report on Wednesday, September 5th. Finally, ValuEngine lowered Logitech International from a buy rating to a hold rating in a report on Thursday, September 6th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Logitech International presently has a consensus rating of Hold and an average target price of $49.20.

NASDAQ LOGI traded down $0.51 on Monday, hitting $36.91. 2,269 shares of the stock traded hands, compared to its average volume of 364,619. Logitech International has a 12 month low of $32.66 and a 12 month high of $49.96. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Monday, October 22nd. The technology company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. Logitech International had a return on equity of 25.43% and a net margin of 8.06%. The business had revenue of $691.15 million during the quarter, compared to analyst estimates of $695.41 million. On average, equities research analysts anticipate that Logitech International will post 1.64 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of LOGI. Bailard Inc. purchased a new stake in shares of Logitech International in the second quarter worth $206,000. Fox Run Management L.L.C. purchased a new stake in shares of Logitech International in the third quarter worth $238,000. Cutler Group LP raised its position in shares of Logitech International by 143.7% in the second quarter. Cutler Group LP now owns 5,508 shares of the technology company’s stock worth $241,000 after buying an additional 3,248 shares in the last quarter. Commonwealth Bank of Australia purchased a new stake in shares of Logitech International in the third quarter worth $250,000. Finally, Millennium Management LLC purchased a new stake in shares of Logitech International in the first quarter worth $207,000. Hedge funds and other institutional investors own 37.25% of the company’s stock.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.

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Analyst Recommendations for Logitech International (NASDAQ:LOGI)

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