Logitech International (NASDAQ:LOGI) Price Target Raised to $105.00

Logitech International (NASDAQ:LOGI) had its price target hoisted by Citigroup from $92.00 to $105.00 in a research note issued to investors on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the technology company’s stock.

Several other equities analysts have also commented on LOGI. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $73.00 to $92.00 in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Logitech International from $93.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $114.00 to $92.00 in a research note on Monday, December 16th. Finally, Barclays dropped their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Logitech International presently has an average rating of “Hold” and a consensus target price of $97.13.

Logitech International Stock Performance

NASDAQ:LOGI opened at $97.42 on Wednesday. The firm has a market cap of $15.41 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The business has a 50 day moving average price of $85.54 and a 200-day moving average price of $85.83. Logitech International has a fifty-two week low of $74.72 and a fifty-two week high of $102.59.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a return on equity of 30.20% and a net margin of 14.38%. Research analysts predict that Logitech International will post 4.13 EPS for the current year.

Institutional Investors Weigh In On Logitech International

A number of hedge funds have recently added to or reduced their stakes in LOGI. AQR Capital Management LLC purchased a new stake in shares of Logitech International during the 2nd quarter valued at about $235,000. Creative Planning lifted its holdings in Logitech International by 5.1% in the 2nd quarter. Creative Planning now owns 28,611 shares of the technology company’s stock worth $2,772,000 after purchasing an additional 1,391 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Logitech International by 14.1% during the second quarter. Cetera Investment Advisers now owns 13,882 shares of the technology company’s stock worth $1,345,000 after acquiring an additional 1,717 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Logitech International by 21.9% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 41,170 shares of the technology company’s stock valued at $3,989,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group grew its holdings in Logitech International by 12.1% during the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 45,456 shares of the technology company’s stock valued at $4,391,000 after buying an additional 4,903 shares in the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.