Logitech International SA, a leading design, manufacture and marketing company of computer peripherals, has been making significant strides in the tech world. As of May 6th, 2023, the stock opened at an impressive $63.75. The company’s strong market capitalization of $10.43 billion and low volatility with a beta of 0.90 have placed it as a favorite among investors.
Logitech International’s 50-day simple moving average is $55.95 and its 200-day simple moving average is slightly higher at $57.05, indicating a stable earning trend and thus an attractive investment option for long-term investors.
In terms of earnings ratios, the company has a price-to-earnings ratio (PE) of 28.59, which is on par with some industry competitors. However, the price-to-earnings growth ratio (PEG) ratio stands at a high value of 5.11, indicating that growth opportunities may be limited in the coming quarters.
Despite Logitech International’s strong performance over the past year – reaching highs of $68.17 and lows of $41.81 – equities analysts have been cautious with their ratings on the company’s future prospects.
Deutsche Bank Aktiengesellschaft lowered their rating from “buy” to “hold,” while Credit Suisse Group lowered theirs from an “outperform” rating to “neutral.” UBS Group also issued a “sell” rating for Logitech International as they predict limited growth opportunities due to increased competition within the industry.
Regardless of these ratings changes from industry analysts, Bloomberg.com reports that Logitech International currently holds a consensus rating of “Hold” with an average price target set at $64.67 per share.
The company continues to innovate by offering new product solutions such as healthy computing options, wireless charging products and virtual reality technologies which have positioned them well in emerging markets.
Logitech International SA continues to be a market leader in the design and manufacturing of computer peripherals and provides a range of solutions for various industries. Investors, should carefully consider the analysis provided by industry analysts to determine whether Logitech International is an investment option worthy of their portfolio.
Logitech International SA: Q1 2024 EPS Estimate Adjustment and Growing Interest from Institutional Investors.
Logitech International SA, a leading company specializing in the design and production of PC, tablet and digital device peripherals, has recently seen an adjustment to its Q1 2024 earnings per share (EPS) estimate. Wedbush, a leading financial services firm based in Los Angeles, California, reduced its EPS estimates for Logitech International on May 2nd. Currently having a “Neutral” rating and $60.00 target price on the stock, Wedbush analyst A. Reese now forecasts that the technology company will post earnings of $0.39 per share for the quarter, which is down from their previous estimate of $0.41.
Despite this minor setback in EPS estimates for Q1 2024, Logitech International continues to offer innovative products in various fields such as solutions for healthy computing and software applications. In addition to these innovations in technological devices, Logitech International is also drawing interest from large investors who have been modifying their holdings in recent months. A noteworthy example being Nordwand Advisors LLC who acquired a new position in shares of Logitech International during Q1 2023 worth approximately $145,000.
Other institutional investors such as Barclays PLC and Westpac Banking Corp have also increased their stakes by purchasing additional shares of the company’s stocks during the same period. Pictet North America Advisors SA rose up by 2.1% after it purchased more than two thousand shares of Logitech International during Q1 2023.
The corporate insider transactions at Logitech International have also been encouragingly positive with Samantha Harnett selling only 2,500 shares on April 26th at an average price of $56.36 per share.
As for future projections regarding Logitech International’s earnings and revenue streams; Wedbush has issued estimates for Q2 2024 earnings at $0.52 EPS while also estimating FY2026 earnings at $4.01 EPS among other estimates for Q3 2024 earnings and FY2025 earnings. The consensus estimate on Logitech International’s current full-year earnings is $2.90 per share.
Overall, while the EPS estimates for Q1 2024 may have seen a minor adjustment, the company’s innovative devices and growing interest from institutional investors offer promising prospects for Logitech International.