Logitech International’s (LOGI) “Neutral” Rating Reiterated at Wedbush

Wedbush reaffirmed their neutral rating on shares of Logitech International (NASDAQ:LOGI) in a research report report published on Wednesday morning,RTT News reports. They currently have a $88.00 target price on the technology company’s stock.

A number of other brokerages have also commented on LOGI. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $114.00 to $92.00 in a report on Monday, December 16th. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Barclays dropped their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Loop Capital reduced their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. boosted their price target on Logitech International from $93.00 to $99.00 and gave the company a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $93.63.

Logitech International Stock Performance

Logitech International stock opened at $87.85 on Wednesday. Logitech International has a 52 week low of $74.72 and a 52 week high of $102.59. The firm has a market capitalization of $13.89 billion, a PE ratio of 19.57, a PEG ratio of 2.74 and a beta of 0.77. The business’s 50-day simple moving average is $83.30 and its 200-day simple moving average is $85.70.

Institutional Trading of Logitech International

Several institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its holdings in shares of Logitech International by 34.9% during the fourth quarter. Blue Trust Inc. now owns 7,867 shares of the technology company’s stock valued at $706,000 after acquiring an additional 2,034 shares during the period. Marshall Financial Group LLC acquired a new position in Logitech International in the fourth quarter valued at about $1,677,000. DGS Capital Management LLC bought a new stake in Logitech International during the fourth quarter worth about $219,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Logitech International by 2.9% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 152,912 shares of the technology company’s stock worth $12,656,000 after buying an additional 4,369 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Logitech International by 4,876.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after buying an additional 164,185 shares in the last quarter. 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.