Logitech International (NASDAQ:LOGI) Stock Rating Lowered by StockNews.com

Logitech International (NASDAQ:LOGIGet Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

A number of other research firms have also weighed in on LOGI. Barclays raised their target price on Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Morgan Stanley raised their target price on Logitech International from $83.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised their target price on Logitech International from $81.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Finally, Wedbush raised their target price on Logitech International from $90.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.83.

Check Out Our Latest Research Report on Logitech International

Logitech International Trading Up 0.9 %

Logitech International stock opened at $84.97 on Monday. Logitech International has a 12 month low of $50.26 and a 12 month high of $96.66. The stock has a 50-day moving average price of $90.88 and a two-hundred day moving average price of $79.21. The company has a market capitalization of $13.44 billion, a PE ratio of 27.77, a P/E/G ratio of 1.94 and a beta of 0.74.

Hedge Funds Weigh In On Logitech International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LOGI. Charles Schwab Investment Management Inc. lifted its stake in Logitech International by 29.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,276 shares of the technology company’s stock worth $1,072,000 after purchasing an additional 2,593 shares during the last quarter. Private Advisor Group LLC bought a new stake in Logitech International during the fourth quarter worth about $262,000. Metis Global Partners LLC lifted its stake in Logitech International by 3.2% during the fourth quarter. Metis Global Partners LLC now owns 12,479 shares of the technology company’s stock worth $1,183,000 after purchasing an additional 385 shares during the last quarter. National Bank of Canada FI lifted its stake in Logitech International by 529.4% during the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock worth $40,000 after purchasing an additional 360 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in Logitech International during the fourth quarter worth about $33,000. 38.58% of the stock is currently owned by hedge funds and other institutional investors.

Logitech International Company Profile

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Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.

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Analyst Recommendations for Logitech International (NASDAQ:LOGI)

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