Logitech International (NASDAQ:LOGI) Given New $88.00 Price Target at Loop Capital

Logitech International (NASDAQ:LOGI) had its price objective increased by Loop Capital from $87.00 to $88.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a hold rating on the technology company’s stock.

Other analysts also recently issued research reports about the company. StockNews.com downgraded Logitech International from a strong-buy rating to a buy rating in a report on Monday, July 22nd. JPMorgan Chase & Co. cut Logitech International from an overweight rating to a neutral rating and lowered their target price for the company from $92.00 to $85.00 in a research note on Wednesday, May 1st. Wedbush reaffirmed a neutral rating and set a $88.00 target price 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 note on Tuesday, April 16th. Finally, Barclays lifted their target price on Logitech International from $98.00 to $105.00 and gave the company an overweight rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $93.14.

Logitech International Stock Up 1.2 %

Shares of NASDAQ LOGI opened at $90.23 on Wednesday. Logitech International has a fifty-two week low of $65.31 and a fifty-two week high of $102.59. The firm’s 50-day simple moving average is $92.60 and its 200 day simple moving average is $89.55. The stock has a market cap of $14.27 billion, a P/E ratio of 23.32, a P/E/G ratio of 2.57 and a beta of 0.80.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate 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. On average, sell-side analysts anticipate that Logitech International will post 3.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Logitech International

Several large investors have recently made changes to their positions in the company. Creative Planning grew its stake in shares of Logitech International by 5.1% in the 2nd quarter. Creative Planning now owns 28,611 shares of the technology company’s stock valued at $2,772,000 after buying an additional 1,391 shares in the last quarter. Maverick Capital Ltd. lifted its holdings in Logitech International by 36.9% in the 2nd quarter. Maverick Capital Ltd. now owns 24,666 shares of the technology company’s stock worth $2,386,000 after purchasing an additional 6,642 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in Logitech International in the 2nd quarter worth approximately $63,000. AQR Capital Management LLC acquired a new stake in Logitech International in the 2nd quarter worth approximately $235,000. Finally, Toronto Dominion Bank lifted its holdings in Logitech International by 2,085.3% in the 2nd quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company’s stock worth $6,146,000 after purchasing an additional 60,536 shares during the last quarter. Institutional investors 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.