Logitech International (NASDAQ:LOGI - Get Free Report) had its price target lifted by research analysts at Citigroup from $85.00 to $100.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. Citigroup's target price would indicate a potential upside of 6.88% from the company's current price.
A number of other research analysts have also weighed in on the stock. Barclays decreased their price target on shares of Logitech International from $108.00 to $92.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Logitech International in a research note on Wednesday, May 21st. UBS Group raised shares of Logitech International from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Loop Capital decreased their price target on shares of Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $87.86.
Get Our Latest Stock Report on Logitech International
Logitech International Stock Down 0.6%
Shares of NASDAQ:LOGI traded down $0.58 during trading on Friday, reaching $93.56. 338,578 shares of the company's stock traded hands, compared to its average volume of 638,992. Logitech International has a fifty-two week low of $64.73 and a fifty-two week high of $105.65. The firm has a market cap of $14.89 billion, a PE ratio of 22.54, a P/E/G ratio of 19.57 and a beta of 0.96. The company has a 50-day simple moving average of $86.54 and a 200-day simple moving average of $87.44.
Logitech International (NASDAQ:LOGI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. Logitech International had a return on equity of 30.40% and a net margin of 13.86%. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the firm earned $0.99 EPS. The company's quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Logitech International will post 4.21 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Fulton Bank N.A. increased its holdings in shares of Logitech International by 1.5% during the 2nd quarter. Fulton Bank N.A. now owns 7,000 shares of the technology company's stock worth $631,000 after buying an additional 106 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Logitech International by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,161 shares of the technology company's stock worth $507,000 after buying an additional 120 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Logitech International by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company's stock worth $458,000 after buying an additional 127 shares during the last quarter. State of Wyoming increased its holdings in shares of Logitech International by 4.2% during the 1st quarter. State of Wyoming now owns 3,340 shares of the technology company's stock worth $282,000 after buying an additional 135 shares during the last quarter. Finally, Freedom Investment Management Inc. increased its holdings in shares of Logitech International by 4.1% during the 4th quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company's stock worth $284,000 after buying an additional 136 shares during the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.
About Logitech International
(
Get Free Report)
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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