Logitech International (LOGI) Earns Outperform Rating from Analysts at Wedbush
Wedbush started coverage on shares of Logitech International (NASDAQ:LOGI) in a research note issued to investors on Monday morning, The Fly reports. The firm issued an outperform rating and a $40.00 target price on the technology company’s stock.
Other analysts have also recently issued reports about the stock. Zacks Investment Research restated a buy rating and issued a $41.00 price objective on shares of Logitech International in a research note on Tuesday, November 13th. Citigroup reduced their price objective on shares of Logitech International from $50.00 to $48.00 and set a buy rating for the company in a research note on Tuesday, October 16th. BidaskClub cut shares of Logitech International from a strong-buy rating to a buy rating in a research note on Thursday, September 6th. DA Davidson boosted their price objective on shares of Logitech International from $55.00 to $58.00 and gave the stock a buy rating in a research note on Wednesday, September 5th. Finally, ValuEngine cut shares of Logitech International from a buy rating to a hold rating in a research note on Thursday, September 6th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $46.67.
NASDAQ LOGI opened at $31.56 on Monday. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.96 and a beta of 1.04. Logitech International has a 12-month low of $31.44 and a 12-month high of $49.96.
Institutional investors have recently modified their holdings of the company. LPL Financial LLC acquired a new stake in shares of Logitech International in the third quarter worth $203,000. Bailard Inc. acquired a new stake in shares of Logitech International in the second quarter worth $206,000. Millennium Management LLC acquired a new stake in shares of Logitech International in the first quarter worth $207,000. Virtu Financial LLC acquired a new stake in shares of Logitech International in the third quarter worth $232,000. Finally, Fox Run Management L.L.C. bought a new position in Logitech International during the third quarter worth $238,000. Institutional investors and hedge funds own 37.93% 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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