Shares of Logitech International SA (NASDAQ:LOGI) have earned a consensus rating of “Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $45.00.
Several equities research analysts have recently commented on LOGI shares. Citigroup set a $46.00 target price on shares of Logitech International and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Wedbush restated a “buy” rating and issued a $40.00 target price on shares of Logitech International in a research note on Tuesday, January 22nd. Zacks Investment Research restated a “buy” rating and issued a $41.00 target price on shares of Logitech International in a research note on Tuesday, November 13th. Goldman Sachs Group upgraded shares of Logitech International from a “neutral” rating to a “buy” rating in a research note on Monday, January 28th. Finally, Maxim Group upgraded shares of Logitech International from a “sell” rating to a “hold” rating and set a $31.00 target price on the stock in a research note on Wednesday, January 23rd.
Several institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its holdings in shares of Logitech International by 0.3% in the fourth quarter. Macquarie Group Ltd. now owns 479,514 shares of the technology company’s stock valued at $15,072,000 after buying an additional 1,562 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Logitech International by 1,620.0% in the fourth quarter. Jane Street Group LLC now owns 340,451 shares of the technology company’s stock valued at $10,726,000 after buying an additional 320,657 shares during the last quarter. OLD Mission Capital LLC bought a new position in shares of Logitech International in the fourth quarter valued at about $545,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Logitech International by 17.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 207,966 shares of the technology company’s stock valued at $6,505,000 after buying an additional 30,502 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Logitech International by 1.1% in the fourth quarter. Two Sigma Advisers LP now owns 881,084 shares of the technology company’s stock valued at $27,708,000 after buying an additional 9,466 shares during the last quarter. 37.41% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:LOGI opened at $36.74 on Friday. Logitech International has a 52 week low of $29.06 and a 52 week high of $49.96. The firm has a market capitalization of $6.07 billion, a PE ratio of 27.42, a PEG ratio of 2.39 and a beta of 1.18.
Logitech International (NASDAQ:LOGI) last issued its earnings results on Monday, January 21st. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.17. Logitech International had a net margin of 9.06% and a return on equity of 26.85%. The company had revenue of $864.39 million for the quarter, compared to the consensus estimate of $854.11 million. During the same quarter in the previous year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts expect that Logitech International will post 1.72 earnings per share for the current fiscal year.
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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