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

Logitech International (NASDAQ:LOGI) had its price objective hoisted by equities researchers at Barclays from $103.00 to $108.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target would suggest a potential upside of 8.81% from the company’s previous close.

A number of other analysts have also commented on LOGI. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on shares of Logitech International from $93.00 to $99.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Wedbush reissued a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research report on Wednesday, January 22nd. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $114.00 to $92.00 in a report on Monday, December 16th. Finally, UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $97.13.

Logitech International Trading Up 2.6 %

LOGI opened at $99.26 on Wednesday. Logitech International has a 1-year low of $74.72 and a 1-year high of $102.59. The company has a market cap of $15.70 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77. The company has a fifty day moving average price of $85.18 and a two-hundred day moving average price of $85.80.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, beating 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%. On average, research analysts forecast that Logitech International will post 4.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Logitech International

Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in shares of Logitech International by 4,876.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after acquiring an additional 164,185 shares in the last quarter. SpiderRock Advisors LLC purchased a new position in Logitech International in the 3rd quarter worth $1,431,000. Assetmark Inc. lifted its stake in Logitech International by 6,766.2% in the third quarter. Assetmark Inc. now owns 49,231 shares of the technology company’s stock worth $4,418,000 after purchasing an additional 48,514 shares during the last quarter. Summit Global Investments bought a new position in shares of Logitech International during the third quarter valued at about $1,299,000. Finally, Strengthening Families & Communities LLC increased its holdings in shares of Logitech International by 9.2% in the third quarter. Strengthening Families & Communities LLC now owns 4,498 shares of the technology company’s stock worth $404,000 after buying an additional 378 shares during the period. 45.76% of the stock is 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.