Analysts Set Logitech International SA (LOGI) Price Target at $45.50

Shares of Logitech International SA (NASDAQ:LOGI) have received an average rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $45.50.

Several equities research analysts have commented on LOGI shares. Wedbush reiterated a “buy” rating and set a $40.00 price objective on shares of Logitech International in a research note on Tuesday, January 22nd. Maxim Group upgraded Logitech International from a “sell” rating to a “hold” rating and set a $31.00 price target for the company in a research report on Wednesday, January 23rd. BidaskClub upgraded Logitech International from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Zacks Investment Research lowered Logitech International from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 28th. Finally, JPMorgan Chase & Co. upgraded Logitech International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $38.00 to $42.00 in a research report on Wednesday, January 23rd.

Shares of Logitech International stock traded up $0.26 on Thursday, hitting $38.10. The company’s stock had a trading volume of 230,007 shares, compared to its average volume of 272,775. Logitech International has a 1 year low of $29.06 and a 1 year high of $49.96. The firm has a market cap of $6.28 billion, a PE ratio of 28.55, a P/E/G ratio of 2.52 and a beta of 1.21.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Monday, January 21st. The technology company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.17. Logitech International had a return on equity of 26.85% and a net margin of 9.06%. The firm had revenue of $864.39 million during the quarter, compared to analyst estimates of $854.11 million. During the same quarter in the previous year, the business earned $0.65 EPS. Logitech International’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Logitech International will post 1.69 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC acquired a new stake in shares of Logitech International in the fourth quarter valued at $47,000. Quantamental Technologies LLC purchased a new position in shares of Logitech International during the fourth quarter worth about $75,000. LPL Financial LLC purchased a new position in shares of Logitech International during the third quarter worth about $203,000. Financial Gravity Companies Inc. purchased a new position in shares of Logitech International during the fourth quarter worth about $207,000. Finally, Virtu Financial LLC purchased a new position in shares of Logitech International during the third quarter worth about $232,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

About Logitech International

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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