BidaskClub downgraded shares of Logitech International (NASDAQ:LOGI) from a sell rating to a strong sell rating in a research note published on Saturday.

Several other analysts have also recently issued reports on the company. Zacks Investment Research cut Logitech International from a strong-buy rating to a hold rating in a research report on Monday, September 24th. Citigroup dropped their target price on Logitech International from $50.00 to $48.00 and set a buy rating on the stock in a research report on Tuesday, October 16th. DA Davidson increased their target price on Logitech International from $55.00 to $58.00 and gave the company a buy rating in a research report on Wednesday, September 5th. ValuEngine cut Logitech International from a buy rating to a hold rating in a research report on Thursday, September 6th. Finally, Loop Capital increased their target price on Logitech International to $53.00 and gave the company a buy rating in a research report on Wednesday, August 1st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $48.00.

Shares of NASDAQ:LOGI opened at $33.09 on Friday. Logitech International has a 52-week low of $32.66 and a 52-week high of $49.96. The company has a market capitalization of $5.68 billion, a P/E ratio of 24.69, a PEG ratio of 2.11 and a beta of 1.09.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Monday, October 22nd. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. Logitech International had a return on equity of 25.43% and a net margin of 8.06%. The company had revenue of $691.15 million for the quarter, compared to analysts’ expectations of $695.41 million. On average, analysts expect that Logitech International will post 1.64 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Cozad Asset Management Inc. purchased a new stake in shares of Logitech International during the 2nd quarter valued at $842,000. OLD Mission Capital LLC purchased a new position in Logitech International in the 2nd quarter worth $559,000. Quantitative Systematic Strategies LLC purchased a new position in Logitech International in the 2nd quarter worth $483,000. Russell Investments Group Ltd. purchased a new position in Logitech International in the 2nd quarter worth $433,000. Finally, Cutler Group LP raised its stake in Logitech International by 143.7% in the 2nd quarter. Cutler Group LP now owns 5,508 shares of the technology company’s stock worth $241,000 after acquiring an additional 3,248 shares during the last quarter. Hedge funds and other institutional investors own 36.48% of the company’s stock.

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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Analyst Recommendations for Logitech International (NASDAQ:LOGI)

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