JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Logitech International (NASDAQ:LOGI) Stock

Logitech International (NASDAQ:LOGI) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $99.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 7.57% from the company’s current price.

A number of other analysts also recently commented on the company. Bank of America downgraded Logitech International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. StockNews.com raised Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays increased their price target on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday. Loop Capital cut their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Finally, UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $97.13.

Logitech International Trading Up 1.1 %

Shares of Logitech International stock opened at $92.96 on Wednesday. Logitech International has a twelve month low of $74.72 and a twelve month high of $102.59. The business’s 50 day simple moving average is $84.41 and its 200-day simple moving average is $85.62. The stock has a market capitalization of $14.70 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.74 and a beta of 0.77.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 15.65% and a return on equity of 30.68%. Sell-side analysts predict that Logitech International will post 4.12 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC bought a new position in Logitech International in the 2nd quarter worth approximately $235,000. Creative Planning boosted its position in shares of Logitech International by 5.1% during the 2nd quarter. Creative Planning now owns 28,611 shares of the technology company’s stock valued at $2,772,000 after acquiring an additional 1,391 shares in the last quarter. Cetera Investment Advisers raised its position in Logitech International by 14.1% in the second quarter. Cetera Investment Advisers now owns 13,882 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 1,717 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Logitech International by 21.9% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 41,170 shares of the technology company’s stock worth $3,989,000 after purchasing an additional 7,400 shares during the period. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group boosted its stake in Logitech International by 12.1% in the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 45,456 shares of the technology company’s stock valued at $4,391,000 after buying an additional 4,903 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

About Logitech International

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.