Logitech International (LOGI) Downgraded by BidaskClub

BidaskClub lowered shares of Logitech International (NASDAQ:LOGI) from a buy rating to a hold rating in a research note issued to investors on Thursday, BidAskClub reports.

LOGI has been the subject of a number of other research reports. Maxim Group restated a hold rating and set a $34.00 target price on shares of Logitech International in a report on Monday, March 11th. Wedbush restated a buy rating and set a $40.00 target price on shares of Logitech International in a report on Wednesday, January 16th. JPMorgan Chase & Co. raised Logitech International from a neutral rating to an overweight rating and upped their price target for the stock from $38.00 to $42.00 in a research note on Wednesday, January 23rd. Zacks Investment Research cut Logitech International from a strong-buy rating to a hold rating in a research note on Monday, January 28th. Finally, Citigroup set a $46.00 price target on Logitech International and gave the stock a buy rating in a research note on Wednesday, January 23rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $45.29.

Shares of Logitech International stock opened at $41.47 on Thursday. The company has a market cap of $6.81 billion, a P/E ratio of 30.95, a price-to-earnings-growth ratio of 2.48 and a beta of 1.21. Logitech International has a 52 week low of $29.06 and a 52 week high of $49.96.

Several institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its position in shares of Logitech International by 2.3% during the fourth quarter. Deutsche Bank AG now owns 4,801,446 shares of the technology company’s stock valued at $150,183,000 after buying an additional 108,687 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Logitech International by 2.7% during the third quarter. Vanguard Group Inc now owns 4,110,779 shares of the technology company’s stock valued at $183,833,000 after buying an additional 107,294 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Logitech International by 2.7% during the third quarter. Vanguard Group Inc. now owns 4,110,779 shares of the technology company’s stock valued at $183,833,000 after buying an additional 107,294 shares during the last quarter. Norges Bank purchased a new stake in shares of Logitech International during the fourth quarter valued at $110,282,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Logitech International by 3.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,638,525 shares of the technology company’s stock valued at $82,758,000 after buying an additional 86,636 shares during the last quarter. 38.99% of the stock is currently owned by institutional investors.

About Logitech International

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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