Logitech International S.A. (NASDAQ:LOGI – Get Free Report) has been given an average rating of “Hold” by the eight ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $93.14.
Several research analysts recently issued reports on LOGI shares. StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Loop Capital lifted their price objective on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Barclays boosted their price objective on Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Wedbush reiterated a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research report on Tuesday, July 16th.
View Our Latest Stock Report on LOGI
Institutional Trading of Logitech International
Logitech International Stock Performance
Logitech International stock opened at $85.66 on Friday. The business’s 50-day simple moving average is $87.77 and its two-hundred day simple moving average is $89.62. The company has a market cap of $13.55 billion, a PE ratio of 21.98, a PEG ratio of 2.52 and a beta of 0.79. Logitech International has a fifty-two week low of $67.82 and a fifty-two week high of $102.59.
Logitech International (NASDAQ:LOGI – Get Free Report) last issued its earnings results on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.03 billion. As a group, analysts predict that Logitech International will post 3.96 EPS for the current fiscal year.
Logitech International Increases Dividend
The firm also recently announced an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were paid a dividend of $1.3687 per share. This represents a dividend yield of 1.4%. This is an increase from Logitech International’s previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. Logitech International’s dividend payout ratio is presently 13.49%.
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.
Read More
- Five stocks we like better than Logitech International
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- Short Selling: How to Short a Stock
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- Stock Splits, Do They Really Impact Investors?
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Receive News & Ratings for Logitech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International and related companies with MarketBeat.com's FREE daily email newsletter.