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

Key Points

• Analysts have assigned Logitech a consensus recommendation of Hold (1 sell, 7 hold, 2 buy) with an average 1‑year price target of $106.29.
• Logitech recently beat estimates, reporting $1.93 EPS vs. $1.78 expected and $1.42B revenue (+6.1% YoY), and analysts forecast roughly 5.1 EPS for the current year.
• Shares trade around $95.39 with a market cap of $13.98B, a P/E of ~20, a 12‑month range of $74.08–$123.01, and about 45.8% institutional ownership.

Shares of Logitech International S.A. (NASDAQ:LOGI - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $106.2857.

LOGI has been the topic of several research reports. Zacks Research lowered Logitech International from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 29th. UBS Group lowered Logitech International from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 17th. Morgan Stanley reiterated an "underweight" rating and issued a $89.00 target price (down from $107.00) on shares of Logitech International in a research note on Tuesday, January 20th. Citigroup cut their target price on Logitech International from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, January 20th. Finally, Wall Street Zen cut shares of Logitech International from a "buy" rating to a "hold" rating in a report on Sunday.

Institutional Trading of Logitech International

A number of institutional investors have recently modified their holdings of LOGI. Quarry LP bought a new stake in shares of Logitech International in the 3rd quarter valued at about $30,000. Mather Group LLC. bought a new stake in shares of Logitech International in the 3rd quarter valued at about $34,000. Richardson Financial Services Inc. boosted its holdings in shares of Logitech International by 63.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company's stock valued at $36,000 after buying an additional 128 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Logitech International by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company's stock valued at $36,000 after buying an additional 163 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Logitech International by 61.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company's stock valued at $46,000 after buying an additional 173 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

Logitech International Trading Up 0.4%

Shares of Logitech International stock opened at $95.39 on Friday. The firm has a market cap of $13.98 billion, a P/E ratio of 19.96, a P/E/G ratio of 3.37 and a beta of 1.08. Logitech International has a 12 month low of $74.08 and a 12 month high of $123.01. The stock's fifty day moving average price is $92.64 and its 200-day moving average price is $101.15.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The technology company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.78 by $0.15. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. Logitech International had a return on equity of 33.57% and a net margin of 14.94%.The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 earnings per share. Analysts forecast that Logitech International will post 5.1 earnings per share for the current year.

Logitech International Company Profile

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company's product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.

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