Shares of Logitech International S.A. (NASDAQ:LOGI – Get Free Report) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $93.14.
Several equities analysts have weighed in on LOGI shares. Barclays increased 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. JPMorgan Chase & Co. lowered Logitech International from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $92.00 to $85.00 in a report on Wednesday, May 1st. Loop Capital upped their price objective on shares of Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday. Wedbush reiterated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research note on Tuesday, July 16th. Finally, StockNews.com lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd.
Read Our Latest Report on Logitech International
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Logitech International Stock Performance
Shares of NASDAQ:LOGI opened at $89.16 on Friday. Logitech International has a fifty-two week low of $65.31 and a fifty-two week high of $102.59. The company’s 50-day moving average is $92.82 and its 200 day moving average is $89.50. The company has a market capitalization of $14.10 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.80.
Logitech International (NASDAQ:LOGI – Get Free Report) last released its earnings results on Monday, July 22nd. The technology company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.03 billion. As a group, research analysts predict that Logitech International will post 3.93 earnings per share for the current year.
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.
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