Logitech International (LOGI) Earns “Hold” Rating from Maxim Group

Maxim Group reiterated their hold rating on shares of Logitech International (NASDAQ:LOGI) in a research note issued to investors on Monday. The brokerage currently has a $34.00 price target on the technology company’s stock.

“We maintain our Hold rating on Logitech International (LOGI), though raise our price target to $34, from $31, following the company’s investor day on Wednesday, March 6.”,” Maxim Group’s analyst commented.

LOGI has been the subject of a number of other research reports. BidaskClub cut shares of Logitech International from a sell rating to a strong sell rating in a research report on Saturday, November 17th. Wedbush reissued a buy rating and set a $40.00 target price on shares of Logitech International in a research report on Wednesday, January 16th. Zacks Investment Research reissued a buy rating and set a $41.00 target price on shares of Logitech International in a research report on Tuesday, November 13th. JPMorgan Chase & Co. raised shares of Logitech International from a neutral rating to an overweight rating and raised their price target for the stock from $38.00 to $42.00 in a report on Wednesday, January 23rd. Finally, ValuEngine raised shares of Logitech International from a sell rating to a hold rating in a report on Friday, December 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $44.71.

NASDAQ:LOGI opened at $38.28 on Monday. Logitech International has a 52 week low of $29.06 and a 52 week high of $49.96. The company has a market cap of $6.29 billion, a P/E ratio of 28.57, a PEG ratio of 2.47 and a beta of 1.21.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Monday, January 21st. The technology company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.17. Logitech International had a net margin of 9.06% and a return on equity of 26.85%. The company had revenue of $864.39 million during the quarter, compared to analysts’ expectations of $854.11 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. Logitech International’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Logitech International will post 1.69 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Man Group plc raised its holdings in shares of Logitech International by 60.7% in the third quarter. Man Group plc now owns 70,890 shares of the technology company’s stock worth $3,171,000 after buying an additional 26,783 shares during the last quarter. Morgan Stanley raised its holdings in shares of Logitech International by 87.5% during the third quarter. Morgan Stanley now owns 734,769 shares of the technology company’s stock worth $32,860,000 after purchasing an additional 342,965 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Logitech International during the third quarter worth $335,000. Ontario Teachers Pension Plan Board raised its holdings in shares of Logitech International by 35.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 31,744 shares of the technology company’s stock worth $1,418,000 after purchasing an additional 8,307 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in shares of Logitech International during the third quarter worth $203,000. 36.85% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Logitech International (NASDAQ:LOGI)

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