Logitech International SA (LOGI) Receives Average Rating of “Buy” from Analysts
Shares of Logitech International SA (NASDAQ:LOGI) have earned a consensus rating of “Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $45.29.
A number of research firms recently weighed in on LOGI. BidaskClub upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Logitech International from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, April 2nd. Finally, Maxim Group restated a “hold” rating and set a $34.00 price target on shares of Logitech International in a research report on Monday, March 11th.
In other Logitech International news, CFO Vincent Pilette sold 109,181 shares of Logitech International stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $40.36, for a total transaction of $4,406,545.16. Following the transaction, the chief financial officer now directly owns 194,380 shares of the company’s stock, valued at $7,845,176.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by insiders.
LOGI traded down $0.57 on Tuesday, reaching $36.06. 162,744 shares of the company’s stock were exchanged, compared to its average volume of 205,984. The firm has a market capitalization of $6.01 billion, a PE ratio of 20.72, a PEG ratio of 2.18 and a beta of 1.17. Logitech International has a twelve month low of $29.06 and a twelve month high of $49.96.
Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Monday, April 29th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.06. The firm had revenue of $624.31 million for the quarter, compared to analyst estimates of $619.43 million. Logitech International had a net margin of 9.24% and a return on equity of 26.79%. Equities analysts anticipate that Logitech International will post 1.87 EPS for the current year.
Logitech International Company Profile
Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.
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