Logitech International (NASDAQ:LOGI) Stock Price Expected to Rise, Barclays Analyst Says

Logitech International (NASDAQ:LOGI) had its price target raised by investment analysts at Barclays from $103.00 to $108.00 in a 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 suggests a potential upside of 16.18% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price target on Logitech International from $93.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Citigroup raised their price objective on Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Finally, Loop Capital reduced their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $97.00.

Logitech International Price Performance

NASDAQ LOGI opened at $92.96 on Wednesday. Logitech International has a one year low of $74.72 and a one year high of $102.59. The business has a 50 day simple moving average of $84.41 and a 200 day simple moving average of $85.62. The stock has a market capitalization of $14.70 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.74 and a beta of 0.77.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data 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 net margin of 15.65% and a return on equity of 30.68%. Equities analysts expect that Logitech International will post 4.12 earnings per share for the current year.

Hedge Funds Weigh In On Logitech International

A number of hedge funds have recently bought and sold shares of LOGI. Exane Asset Management bought a new stake in Logitech International during the fourth quarter worth $32,000. MassMutual Private Wealth & Trust FSB grew its stake in 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 purchasing an additional 233 shares during the period. Transamerica Financial Advisors Inc. increased 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 purchasing an additional 1,153 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Logitech International during the 3rd quarter worth $105,000. Finally, CWM LLC boosted its holdings in shares of Logitech International by 21.3% in the 3rd quarter. CWM LLC now owns 2,062 shares of the technology company’s stock worth $185,000 after buying an additional 362 shares during the last quarter. 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.