Logitech International SA (LOGI) Shares Up 1.8%
Logitech International SA (NASDAQ:LOGI)’s share price shot up 1.8% during trading on Monday . The company traded as high as $17.16 and last traded at $17.10, with a volume of 364,274 shares trading hands. The stock had previously closed at $16.79.
A number of brokerages recently commented on LOGI. Rosenblatt Securities reissued a “buy” rating and set a $18.00 price target on shares of Logitech International SA in a research note on Friday, July 1st. JPMorgan Chase & Co. reissued a “sell” rating and set a $13.50 price target on shares of Logitech International SA in a research note on Wednesday, July 20th. Sterne Agee CRT began coverage on Logitech International SA in a research note on Tuesday, April 5th. They set a “neutral” rating and a $18.00 price target for the company. Finally, Zacks Investment Research lowered Logitech International SA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.13.
The stock’s 50 day moving average price is $16.01 and its 200 day moving average price is $15.49. The company has a market cap of $2.75 billion and a price-to-earnings ratio of 23.82.
Logitech International SA (NASDAQ:LOGI) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.04. Analysts predict that Logitech International SA will post $1.02 EPS for the current year.
Other institutional investors recently made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. bought a new position in shares of Logitech International SA during the fourth quarter worth $2,475,000. First Trust Advisors LP raised its position in shares of Logitech International SA by 361.5% in the fourth quarter. First Trust Advisors LP now owns 162,467 shares of the company’s stock worth $2,448,000 after buying an additional 127,261 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Logitech International SA by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 291,619 shares of the company’s stock worth $4,395,000 after buying an additional 4,214 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Logitech International SA by 1.1% in the fourth quarter. Schroder Investment Management Group now owns 3,020,138 shares of the company’s stock worth $46,510,000 after buying an additional 33,829 shares during the period.
Logitech International SA (Logitech) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.
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