Logitech International (NASDAQ:LOGI) Price Target Raised to $108.00 at Barclays

Logitech International (NASDAQ:LOGI) had its target price lifted by Barclays from $103.00 to $108.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

A number of other equities research analysts have also weighed in on LOGI. JPMorgan Chase & Co. raised their price target on shares of Logitech International from $93.00 to $99.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Loop Capital lowered their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $73.00 to $92.00 in a research note on Thursday, January 23rd. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $114.00 to $92.00 in a research note on Monday, December 16th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $97.13.

Logitech International Price Performance

NASDAQ:LOGI opened at $96.85 on Wednesday. Logitech International has a 12 month low of $74.72 and a 12 month high of $102.59. The business’s 50-day moving average is $84.79 and its two-hundred day moving average is $85.70. The firm has a market capitalization of $15.32 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.68% and a net margin of 15.65%. Equities analysts anticipate that Logitech International will post 4.12 EPS for the current year.

Institutional Investors Weigh In On Logitech International

Institutional investors and hedge funds have recently made changes to their positions in the company. Exane Asset Management bought a new stake in Logitech International during the fourth quarter valued at $32,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Logitech International by 56.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after buying an additional 233 shares during the period. Transamerica Financial Advisors Inc. grew its position in shares of Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after buying an additional 1,153 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Logitech International during the third quarter worth about $105,000. Finally, CWM LLC lifted its holdings in Logitech International by 21.3% in the third quarter. CWM LLC now owns 2,062 shares of the technology company’s stock worth $185,000 after acquiring an additional 362 shares during the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

About Logitech International

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.