Logitech International S.A. (NASDAQ:LOGI – Get Rating) declared a dividend on Tuesday, September 20th, investing.com reports. Shareholders of record on Tuesday, September 27th will be paid a dividend of 1.0023 per share by the technology company on Wednesday, September 28th. This represents a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, September 26th. This is a boost from Logitech International’s previous dividend of $0.65.
Logitech International has a dividend payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Logitech International to earn $4.04 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 23.5%.
Logitech International Stock Performance
Shares of LOGI stock opened at $48.38 on Tuesday. The stock’s 50-day moving average is $53.60 and its two-hundred day moving average is $59.99. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.57 and a beta of 0.98. Logitech International has a 1 year low of $46.45 and a 1 year high of $100.78.
Institutional Trading of Logitech International
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on LOGI shares. Citigroup lowered their price target on Logitech International from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. DA Davidson lowered their price target on Logitech International from $110.00 to $85.00 in a report on Wednesday, July 27th. Morgan Stanley cut their price objective on Logitech International from $53.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, July 27th. Credit Suisse Group cut their price objective on Logitech International from CHF 84 to CHF 68 and set an “outperform” rating for the company in a research report on Thursday, July 28th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Logitech International from CHF 72 to CHF 66 and set a “buy” rating for the company in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.00.
Logitech International Company Profile
Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to digital and cloud experiences 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.
- Get a free copy of the StockNews.com research report on Logitech International (LOGI)
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