Logitech International (NASDAQ:LOGI)'s stock had its "equal weight" rating reiterated by analysts at Morgan Stanley in a note issued to investors on Friday, Benzinga reports.
Other equities analysts have also issued research reports about the stock. Credit Suisse Group reiterated an "outperform" rating on shares of Logitech International in a research report on Tuesday, March 2nd. Wedbush reaffirmed a "neutral" rating and set a $120.00 price objective on shares of Logitech International in a research note on Friday, April 23rd. Zacks Investment Research downgraded shares of Logitech International from a "buy" rating to a "hold" rating and set a $127.00 target price on the stock. in a research note on Tuesday, May 4th. DA Davidson lifted their price target on shares of Logitech International from $119.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, March 2nd. Finally, Loop Capital increased their price objective on shares of Logitech International from $120.00 to $130.00 in a research report on Monday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of "Hold" and a consensus price target of $123.50.
NASDAQ:LOGI opened at $132.56 on Friday. The firm's 50-day moving average is $114.79. The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 24.06 and a beta of 0.88. Logitech International has a 52-week low of $57.40 and a 52-week high of $140.17.
Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Wednesday, April 28th. The technology company reported $1.45 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.05 by $0.40. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.16 billion. Logitech International had a return on equity of 53.66% and a net margin of 18.03%. As a group, research analysts forecast that Logitech International will post 4.23 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in Logitech International by 62.1% in the fourth quarter. Victory Capital Management Inc. now owns 19,950 shares of the technology company's stock worth $1,939,000 after purchasing an additional 7,640 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Logitech International by 31.4% in the fourth quarter. Janus Henderson Group PLC now owns 73,681 shares of the technology company's stock valued at $7,161,000 after acquiring an additional 17,628 shares in the last quarter. BNC Wealth Management LLC raised its holdings in shares of Logitech International by 530.4% in the fourth quarter. BNC Wealth Management LLC now owns 13,018 shares of the technology company's stock valued at $1,265,000 after acquiring an additional 10,953 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Logitech International by 125.2% in the fourth quarter. Russell Investments Group Ltd. now owns 26,945 shares of the technology company's stock worth $2,618,000 after acquiring an additional 14,981 shares during the period. Finally, Voya Financial Advisors Inc. grew its holdings in Logitech International by 19.1% during the 4th quarter. Voya Financial Advisors Inc. now owns 5,019 shares of the technology company's stock worth $488,000 after acquiring an additional 806 shares in the last quarter. 34.64% of the stock is owned by hedge funds and other institutional investors.
Logitech International Company Profile
Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that helps people connect to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.
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