Analysts Set Logitech International S.A. (NASDAQ:LOGI) Target Price at $113.67

Shares of Logitech International S.A. (NASDAQ:LOGI) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $113.6667.

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Weiss Ratings upgraded shares of Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Barclays increased their price target on shares of Logitech International from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Citigroup increased their price target on shares of Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $135.00 price target on shares of Logitech International in a research note on Wednesday, May 6th.

Logitech International Price Performance

Shares of Logitech International stock opened at $112.63 on Thursday. The company has a 50-day moving average of $97.51 and a 200 day moving average of $100.00. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.86 and a beta of 1.07. Logitech International has a 1 year low of $81.98 and a 1 year high of $123.01.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Logitech International had a net margin of 14.69% and a return on equity of 34.12%. Logitech International’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. On average, equities analysts anticipate that Logitech International will post 5.16 EPS for the current year.

Institutional Trading of Logitech International

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in Logitech International during the 3rd quarter valued at about $30,000. Westside Investment Management Inc. increased its stake in Logitech International by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock valued at $36,000 after purchasing an additional 163 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Logitech International by 61.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock valued at $46,000 after purchasing an additional 173 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Logitech International by 40.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after purchasing an additional 165 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its stake in Logitech International by 101.5% during the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock valued at $66,000 after purchasing an additional 334 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.