Analysts Set Logitech International SA (NASDAQ:LOGI) PT at $19.58
Shares of Logitech International SA (NASDAQ:LOGI) have been assigned an average rating of “Hold” from the five ratings firms that are covering the company. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.58.
LOGI has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $18.00 price objective on shares of Logitech International SA in a report on Friday, July 1st. JPMorgan Chase & Co. reissued a “sell” rating and issued a $13.50 target price on shares of Logitech International SA in a research note on Wednesday, July 20th. Morgan Stanley raised shares of Logitech International SA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 10th. Finally, Zacks Investment Research cut shares of Logitech International SA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday.
In other Logitech International SA news, CFO Vincent Pilette sold 100,000 shares of Logitech International SA stock in a transaction on Friday, July 29th. The shares were sold at an average price of $19.93, for a total transaction of $1,993,000.00. Following the completion of the transaction, the chief financial officer now directly owns 518,492 shares of the company’s stock, valued at $10,333,545.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP L Joseph Sullivan sold 22,500 shares of Logitech International SA stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $21.75, for a total transaction of $489,375.00. Following the transaction, the vice president now directly owns 213,161 shares of the company’s stock, valued at $4,636,251.75. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. boosted its position in Logitech International SA by 154.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 9,880 shares of the company’s stock worth $157,000 after buying an additional 6,000 shares during the period. Cipher Capital LP bought a new position in Logitech International SA during the second quarter worth approximately $171,000. World Asset Management Inc boosted its position in Logitech International SA by 7.5% in the second quarter. World Asset Management Inc now owns 10,776 shares of the company’s stock worth $175,000 after buying an additional 751 shares during the period. Bank of Montreal Can bought a new position in Logitech International SA during the second quarter worth approximately $192,000. Finally, Eqis Capital Management Inc. bought a new position in Logitech International SA during the second quarter worth approximately $192,000. 33.78% of the stock is owned by hedge funds and other institutional investors.
Logitech International SA (NASDAQ:LOGI) opened at 22.35 on Tuesday. The firm has a market cap of $3.61 billion, a PE ratio of 27.94 and a beta of 1.19. Logitech International SA has a 52 week low of $12.79 and a 52 week high of $22.53. The stock has a 50 day moving average of $21.75 and a 200-day moving average of $17.62.
Logitech International SA (NASDAQ:LOGI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.07. Logitech International SA had a net margin of 6.46% and a return on equity of 18.58%. Analysts expect that Logitech International SA will post $1.09 earnings per share for the current year.
The company also recently announced an annual dividend, which was paid on Tuesday, September 27th. Investors of record on Monday, September 26th were paid a $0.5774 dividend. The ex-dividend date was Thursday, September 22nd. This is a boost from Logitech International SA’s previous annual dividend of $0.52. Logitech International SA’s dividend payout ratio (DPR) is currently 71.25%.
Logitech International SA Company Profile
Logitech International SA (Logitech) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.
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