Logitech International SA (NASDAQ:LOGI) has earned a consensus rating of “Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $45.17.
Several analysts recently commented on LOGI shares. BidaskClub downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Citigroup set a $46.00 target price on shares of Logitech International and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Wedbush reaffirmed a “buy” rating and set a $45.00 target price on shares of Logitech International in a report on Thursday, July 18th. Maxim Group reissued a “hold” rating and issued a $36.00 price objective on shares of Logitech International in a report on Wednesday, July 24th. Finally, ValuEngine raised shares of Logitech International from a “sell” rating to a “hold” rating in a report on Friday, July 19th.
Shares of LOGI stock traded up $0.75 during midday trading on Friday, hitting $38.73. 101,500 shares of the company were exchanged, compared to its average volume of 215,329. The firm has a market capitalization of $6.24 billion, a P/E ratio of 22.26, a PEG ratio of 2.22 and a beta of 1.25. The firm’s 50 day moving average price is $39.74 and its two-hundred day moving average price is $38.67. Logitech International has a 52 week low of $29.06 and a 52 week high of $49.96.
Logitech International (NASDAQ:LOGI) last announced its earnings results on Monday, July 22nd. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.28 by $0.11. Logitech International had a net margin of 9.36% and a return on equity of 26.38%. During the same quarter in the prior year, the business posted $0.34 earnings per share. As a group, equities research analysts predict that Logitech International will post 1.9 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of LOGI. JPMorgan Chase & Co. raised its position in shares of Logitech International by 26.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,254,137 shares of the technology company’s stock valued at $165,401,000 after buying an additional 881,282 shares in the last quarter. Marshall Wace LLP raised its position in shares of Logitech International by 274.9% in the 1st quarter. Marshall Wace LLP now owns 1,151,796 shares of the technology company’s stock valued at $45,142,000 after buying an additional 844,530 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Logitech International in the 2nd quarter valued at approximately $9,146,000. Pennsylvania Trust Co acquired a new position in shares of Logitech International in the 1st quarter valued at approximately $35,862,000. Finally, Jane Street Group LLC raised its position in shares of Logitech International by 130.8% in the 2nd quarter. Jane Street Group LLC now owns 347,200 shares of the technology company’s stock valued at $13,870,000 after buying an additional 196,737 shares in the last quarter. 32.74% of the stock is owned by hedge funds and other institutional investors.
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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