Logitech International (NASDAQ:LOGI) Stock Rating Upgraded by Kepler Capital Markets

Logitech International (NASDAQ:LOGI) was upgraded by stock analysts at Kepler Capital Markets from a “hold” rating to a “buy” rating in a report released on Thursday,Finviz reports.

Several other research analysts have also commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday. Loop Capital lowered their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Wedbush reissued a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday, January 22nd. Finally, UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Logitech International has a consensus rating of “Hold” and an average target price of $97.13.

Logitech International Price Performance

Shares of LOGI opened at $96.85 on Thursday. Logitech International has a 1-year low of $74.72 and a 1-year high of $102.59. The stock has a market cap of $15.32 billion, a PE ratio of 21.57, a P/E/G ratio of 2.74 and a beta of 0.77. The firm has a 50-day simple moving average of $84.79 and a two-hundred day simple moving average of $85.70.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 15.65% and a return on equity of 30.68%. As a group, sell-side analysts expect that Logitech International will post 4.12 earnings per share for the current fiscal year.

Institutional Trading of Logitech International

Several institutional investors have recently modified their holdings of LOGI. Exane Asset Management purchased a new stake in shares of Logitech International during the 4th quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after buying an additional 233 shares during the last quarter. Transamerica Financial Advisors Inc. lifted 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 worth $104,000 after buying an additional 1,153 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Logitech International during the 3rd quarter worth approximately $105,000. Finally, CWM LLC increased 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 valued at $185,000 after acquiring an additional 362 shares during the period. Hedge funds and other institutional investors own 45.76% of the company’s stock.

About Logitech International

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.