Logitech International (NASDAQ:LOGI) Stock Rating Upgraded by Morgan Stanley

Logitech International (NASDAQ:LOGI) was upgraded by equities research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued on Thursday, MarketBeat.com reports. The firm presently has a $92.00 price target on the technology company’s stock, up from their previous price target of $73.00. Morgan Stanley’s price objective would suggest a potential upside of 0.90% from the stock’s current price.

Several other brokerages have also commented on LOGI. Barclays decreased their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Wedbush restated a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research report on Wednesday. Bank of America downgraded shares of Logitech International from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $114.00 to $92.00 in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Logitech International from $93.00 to $99.00 and gave the stock a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $95.75.

Logitech International Stock Down 0.4 %

Shares of LOGI opened at $91.18 on Thursday. The business’s 50 day moving average is $83.84 and its two-hundred day moving average is $85.72. Logitech International has a 52-week low of $74.72 and a 52-week high of $102.59. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.74 and a beta of 0.77.

Institutional Trading of Logitech International

Large investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Logitech International by 56.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after purchasing an additional 233 shares during the period. Employees Retirement System of Texas acquired a new stake in Logitech International in the 2nd quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. increased its position in Logitech International by 139.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after acquiring an additional 495 shares during the period. Transamerica Financial Advisors Inc. increased its position in Logitech International by 115,300.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after acquiring an additional 1,153 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Logitech International during the third quarter valued at $105,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

About Logitech International

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.