Citigroup Boosts Logitech International (NASDAQ:LOGI) Price Target to $105.00

Logitech International (NASDAQ:LOGI) had its price target hoisted by stock analysts at Citigroup from $92.00 to $105.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Citigroup’s target price suggests a potential upside of 5.78% from the stock’s current price.

LOGI has been the topic of a number of other reports. StockNews.com upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Loop Capital decreased their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Barclays cut their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research report on Wednesday, January 22nd. Finally, Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Logitech International presently has a consensus rating of “Hold” and a consensus target price of $97.13.

Logitech International Stock Performance

Shares of NASDAQ LOGI opened at $99.26 on Wednesday. Logitech International has a 1 year low of $74.72 and a 1 year high of $102.59. The stock’s 50-day simple moving average is $85.18 and its 200-day simple moving average is $85.80. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.74 and a beta of 0.77.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.68% and a net margin of 15.65%. As a group, research analysts predict that Logitech International will post 4.12 EPS for the current year.

Hedge Funds Weigh In On Logitech International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Exane Asset Management acquired a new stake in shares of Logitech International in the fourth quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB raised its stake in Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after acquiring an additional 233 shares in the last quarter. Transamerica Financial Advisors Inc. boosted its position in 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 acquiring an additional 1,153 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Logitech International in the third quarter worth $105,000. Finally, CWM LLC increased its holdings in shares of Logitech International by 21.3% during the third quarter. CWM LLC now owns 2,062 shares of the technology company’s stock valued at $185,000 after purchasing an additional 362 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

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.