NASDAQ:LOGI', 'Logitech International S.A.', 'http://weeklyregister.com/weekly-register-logo.png');

Can Logitech International S.A. (LOGI)’s Tomorrow be Different? The Stock Formed a Bullish Descending Triangle Chart Pattern

December 8, 2017 - By Jacob Falcon

Investors sentiment decreased to 1.33 in Q2 2017. Its down 0.10, from 1.43 in 2017Q1. It fall, as 11 investors sold Logitech International S.A. shares while 34 reduced holdings. 22 funds opened positions while 38 raised stakes. 58.97 million shares or 4.67% more from 56.34 million shares in 2017Q1 were reported.
Alliancebernstein Limited Partnership holds 0.04% or 1.34M shares. Suntrust Banks Inc invested 0.01% in Logitech International S.A. (NASDAQ:LOGI). M&T National Bank & Trust Corporation owns 0% invested in Logitech International S.A. (NASDAQ:LOGI) for 17,475 shares. Grantham Mayo Van Otterloo & reported 0.27% in Logitech International S.A. (NASDAQ:LOGI). Gratry & Ltd Liability Corporation, Ohio-based fund reported 31,540 shares. Wells Fargo Mn holds 0% in Logitech International S.A. (NASDAQ:LOGI) or 11,533 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 2.32M shares. Schroder Investment Mgmt Gru invested in 4.70M shares or 0.29% of the stock. New York-based Goldman Sachs Gp has invested 0.02% in Logitech International S.A. (NASDAQ:LOGI). Ameriprise accumulated 30,185 shares. Eagle Asset Mgmt has invested 0% in Logitech International S.A. (NASDAQ:LOGI). Cwm Ltd Liability Corp accumulated 500 shares. Sg Americas Secs Ltd Com owns 0% invested in Logitech International S.A. (NASDAQ:LOGI) for 3,696 shares. Legg Mason Asset (Japan) Limited reported 35,762 shares. Pennsylvania-based Sei Invs has invested 0% in Logitech International S.A. (NASDAQ:LOGI).

The stock of Logitech International S.A. (LOGI) formed a descending triangle with $34.24 target or 4.00 % above today’s $32.92 share price. The 7 months triangle pattern indicates low risk for the $5.52B company. If the $34.24 price target is reached, the company will be worth $220.72 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 0.21% or $0.07 during the last trading session, reaching $32.92. About 585,439 shares traded or 50.07% up from the average. Logitech International S.A. (NASDAQ:LOGI) has risen 143.25% since December 8, 2016 and is uptrending. It has outperformed by 126.55% the S&P500.

Analysts await Logitech International S.A. (NASDAQ:LOGI) to report earnings on January, 23. They expect $0.49 EPS, down 16.95 % or $0.10 from last year’s $0.59 per share. LOGI’s profit will be $82.13 million for 16.80 P/E if the $0.49 EPS becomes a reality. After $0.34 actual EPS reported by Logitech International S.A. for the previous quarter, Wall Street now forecasts 44.12 % EPS growth.

Logitech International S.A. (NASDAQ:LOGI) Ratings Coverage

Among 7 analysts covering Logitech Intl SA (NASDAQ:LOGI), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Logitech Intl SA had 7 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Neutral” rating by UBS given on Tuesday, August 23. The company was initiated on Wednesday, August 19 by Rosenblatt. The firm earned “Neutral” rating on Thursday, October 27 by JP Morgan. Morgan Stanley upgraded Logitech International S.A. (NASDAQ:LOGI) on Wednesday, August 10 to “Equal-Weight” rating. Sterne Agee CRT initiated it with “Neutral” rating and $18 target in Tuesday, April 5 report.

More important recent Logitech International S.A. (NASDAQ:LOGI) news were published by: Fool.com which released: “Why Is Logitech International SA (USA) Soaring Today?” on January 22, 2015, also Benzinga.com published article titled: “Logitech Is Ready To Show It Is Bigger Than Just Computer Mouses”, Investorplace.com published: “Logitech International SA (LOGI) to Boost Console Market Foothold With Astro …” on August 15, 2017. More interesting news about Logitech International S.A. (NASDAQ:LOGI) was released by: Investorplace.com and their article: “Logitech International SA (USA) (LOGI) Shares Plunge Despite Better-Than …” with publication date: July 25, 2017.

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