Brokerages Set Logitech International S.A. (NASDAQ:LOGI) PT at $94.00

Shares of Logitech International S.A. (NASDAQ:LOGI) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $94.00.

A number of research analysts have issued reports on LOGI shares. Barclays upped their target price on shares of Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. cut shares of Logitech International from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $92.00 to $85.00 in a research note on Wednesday, May 1st. Wedbush reissued a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Logitech International in a research report on Tuesday, April 16th. Finally, StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd.

Institutional Trading of Logitech International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. bought a new position in Logitech International in the fourth quarter worth about $33,000. Global Retirement Partners LLC lifted its holdings in shares of Logitech International by 764.4% in the 1st quarter. Global Retirement Partners LLC now owns 389 shares of the technology company’s stock worth $35,000 after purchasing an additional 344 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Logitech International during the 2nd quarter valued at approximately $35,000. National Bank of Canada FI grew its position in shares of Logitech International by 529.4% during the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock worth $40,000 after acquiring an additional 360 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Logitech International during the first quarter worth about $42,000. 45.76% of the stock is owned by institutional investors.

Logitech International Stock Up 1.3 %

Logitech International stock opened at $87.76 on Friday. The firm’s 50-day simple moving average is $93.31 and its 200 day simple moving average is $89.51. Logitech International has a 52 week low of $65.31 and a 52 week high of $102.59. The firm has a market capitalization of $13.88 billion, a PE ratio of 22.68, a P/E/G ratio of 2.57 and a beta of 0.80.

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.