Logitech International S.A. (NASDAQ:LOGI) Given Consensus Rating of "Hold" by Brokerages

Logitech International S.A. (NASDAQ:LOGI - Get Free Report) has received an average rating of "Hold" from the eight ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $93.14.

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LOGI has been the subject of a number of recent analyst reports. StockNews.com cut Logitech International from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 22nd. Loop Capital raised their price objective on Logitech International from $87.00 to $88.00 and gave the company a "hold" rating in a research report on Wednesday, August 14th. Barclays raised their price objective on Logitech International from $98.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $88.00 price objective on shares of Logitech International in a research report on Tuesday, July 16th.

View Our Latest Analysis on Logitech International

Logitech International Price Performance

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Shares of Logitech International stock opened at $91.01 on Tuesday. Logitech International has a 1 year low of $65.31 and a 1 year high of $102.59. The business has a 50-day moving average of $90.82 and a two-hundred day moving average of $90.09. The company has a market capitalization of $14.39 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings data on Monday, July 22nd. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.20. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.03 billion. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. On average, equities analysts anticipate that Logitech International will post 3.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Logitech International

• Is it a logical time to buy Logitech?

A number of large investors have recently bought and sold shares of LOGI. Benjamin F. Edwards & Company Inc. acquired a new stake in Logitech International during the fourth quarter worth about $33,000. Global Retirement Partners LLC lifted its holdings in shares of Logitech International by 764.4% in the first quarter. Global Retirement Partners LLC now owns 389 shares of the technology company's stock worth $35,000 after acquiring an additional 344 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Logitech International in the second quarter worth about $35,000. National Bank of Canada FI lifted its holdings in shares of Logitech International by 529.4% in the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company's stock worth $40,000 after acquiring an additional 360 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Logitech International in the first quarter worth about $42,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Company Profile

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.

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