Last Updated: 14 Oct 2024
Executive Summary
Logitech International SA (LOGI) is a leading global provider of computer peripherals and accessories. The company's products include mice, keyboards, webcams, headsets, and gaming devices. LOGI has a strong financial position with a market capitalization of $13.18 billion and an EBITDA of $750.6 million. The company's stock is currently trading at $86.28, which is below its 52-week high of $99.48. Analysts are generally bullish on LOGI, with a consensus price target of $97.62.
Company Overview
LOGI was founded in 1981 and is headquartered in Lausanne, Switzerland. The company has a global presence with operations in over 100 countries. LOGI's products are sold through a variety of channels, including retail stores, online retailers, and direct-to-consumer sales.
Fundamental Analysis
LOGI has a strong financial track record. The company's revenue has grown at a compound annual growth rate (CAGR) of 8.5% over the past five years. LOGI's net income has also grown at a CAGR of 10.2% over the same period. The company's gross profit margin is 53.2%, and its operating margin is 14.2%. LOGI has a strong balance sheet with $1.2 billion in cash and equivalents and no debt.
Technical Analysis
LOGI's stock price has been in a downtrend since reaching a 52-week high of $99.48 in November 2021. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is 35.3, which indicates that the stock is oversold.
Short Term Outlook
In the short term, LOGI's stock price is likely to continue to trade in a range between $80 and $90. The stock could break out of this range if it can close above the 50-day moving average. However, if the stock falls below the 200-day moving average, it could fall further to the $70 level.
Long Term Outlook
In the long term, LOGI's stock price is likely to continue to rise. The company has a strong financial position and a growing product portfolio. LOGI is also well-positioned to benefit from the increasing demand for computer peripherals and accessories.
Analyst Recommendations
Analysts are generally bullish on LOGI. The consensus price target is $97.62, which represents a potential upside of 13.1% from the current price. One analyst has a strong buy rating on the stock, two analysts have a buy rating, four analysts have a hold rating, and one analyst has a sell rating.
