Logitech International SA (NASDAQ:LOGI) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $45.29.
Several research analysts have issued reports on the stock. Wedbush assumed coverage on shares of Logitech International in a report on Monday, December 17th. They set an “outperform” rating and a $40.00 target price on the stock. ValuEngine upgraded shares of Logitech International from a “sell” rating to a “hold” rating in a report on Friday, December 21st. Zacks Investment Research cut shares of Logitech International from a “buy” rating to a “hold” rating in a report on Monday, December 31st. JPMorgan Chase & Co. upgraded shares of Logitech International from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $38.00 to $42.00 in a report on Wednesday, January 23rd. Finally, Maxim Group upgraded shares of Logitech International from a “sell” rating to a “hold” rating and set a $31.00 target price on the stock in a report on Wednesday, January 23rd.
Institutional investors have recently modified their holdings of the business. Atlas Capital Advisors LLC bought a new position in Logitech International during the 4th quarter worth about $47,000. Quantamental Technologies LLC bought a new stake in shares of Logitech International in the 4th quarter valued at about $75,000. LPL Financial LLC bought a new stake in shares of Logitech International in the 3rd quarter valued at about $203,000. Financial Gravity Companies Inc. bought a new stake in shares of Logitech International in the 4th quarter valued at about $207,000. Finally, Virtu Financial LLC bought a new stake in shares of Logitech International in the 3rd quarter valued at about $232,000. Institutional investors own 38.99% of the company’s stock.
Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Monday, January 21st. The technology company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.17. The firm had revenue of $864.39 million for the quarter, compared to analysts’ expectations of $854.11 million. Logitech International had a net margin of 9.06% and a return on equity of 26.85%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. Research analysts forecast that Logitech International will post 1.69 earnings per share for the current year.
Logitech International Company Profile
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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