Logitech International (NASDAQ:LOGI) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday.

A number of other equities research analysts also recently commented on the company. Citigroup reduced their target price on Logitech International from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, October 16th. Maxim Group started coverage on Logitech International in a report on Monday, November 5th. They issued a “sell” rating for the company. Goldman Sachs Group raised Logitech International from a “neutral” rating to a “buy” rating in a report on Monday, January 28th. JPMorgan Chase & Co. raised Logitech International from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $42.00 in a research note on Wednesday, January 23rd. Finally, Wedbush reaffirmed a “buy” rating and set a $40.00 price target on shares of Logitech International in a research note on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $44.29.

Logitech International stock opened at $35.06 on Tuesday. Logitech International has a one year low of $29.06 and a one year high of $49.96. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 2.28 and a beta of 1.18.

Logitech International (NASDAQ:LOGI) last released its earnings results on Monday, January 21st. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.17. Logitech International had a return on equity of 26.85% and a net margin of 9.06%. The company had revenue of $864.39 million during the quarter, compared to the consensus estimate of $854.11 million. During the same quarter last year, the company earned $0.65 earnings per share. Logitech International’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts expect that Logitech International will post 1.72 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware raised its stake in shares of Logitech International by 4.2% during the 4th quarter. Mckinley Capital Management LLC Delaware now owns 23,595 shares of the technology company’s stock worth $739,000 after buying an additional 961 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of Logitech International during the 4th quarter worth $47,000. Private Advisor Group LLC raised its stake in shares of Logitech International by 6.7% during the 4th quarter. Private Advisor Group LLC now owns 27,154 shares of the technology company’s stock worth $849,000 after buying an additional 1,705 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Logitech International by 10.8% during the 3rd quarter. Bank of Montreal Can now owns 17,965 shares of the technology company’s stock worth $803,000 after buying an additional 1,749 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Logitech International by 6.4% during the 2nd quarter. Raymond James & Associates now owns 30,000 shares of the technology company’s stock worth $1,323,000 after buying an additional 1,813 shares during the last quarter. 37.32% of the stock is owned by institutional investors and hedge funds.

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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