Logitech International (NASDAQ:LOGI) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Friday.
LOGI has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Logitech International from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 24th. ValuEngine downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. DA Davidson upped their target price on shares of Logitech International to $55.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. Citigroup cut their target price on shares of Logitech International from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, October 16th. Finally, Loop Capital upped their target price on shares of 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.20.
Logitech International stock opened at $38.26 on Friday. Logitech International has a 1 year low of $32.66 and a 1 year high of $49.96. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 2.19 and a beta of 0.96.
Logitech International (NASDAQ:LOGI) last released its earnings results on Monday, October 22nd. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. Logitech International had a net margin of 8.06% and a return on equity of 25.43%. The company had revenue of $691.15 million for the quarter, compared to the consensus estimate of $695.41 million. Equities research analysts anticipate that Logitech International will post 1.64 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Cozad Asset Management Inc. acquired a new stake in shares of Logitech International in the 2nd quarter valued at approximately $842,000. OLD Mission Capital LLC acquired a new stake in shares of Logitech International in the 2nd quarter valued at approximately $559,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Logitech International in the 2nd quarter valued at approximately $483,000. Russell Investments Group Ltd. acquired a new stake in shares of Logitech International in the 2nd quarter valued at approximately $433,000. Finally, Cutler Group LP raised its position in shares of Logitech International by 143.7% in the 2nd quarter. Cutler Group LP now owns 5,508 shares of the technology company’s stock valued at $241,000 after acquiring an additional 3,248 shares during the period. Institutional investors and hedge funds own 36.65% 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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