Oppenheimer Analysts Begin Coverage on Universal Display (PANL)
Analysts at Oppenheimer (NYSE: OPY) initiated coverage on shares of Universal Display (NASDAQ: PANL) in a research report issued to clients and investors on Friday. The firm set a “perform” rating on the stock.
PANL has been the subject of a number of other recent research reports. Analysts at Wedbush initiated coverage on shares of Universal Display in a research note to investors on Thursday. They set a “neutral” rating on the stock. Separately, analysts at Goldman Sachs (NYSE: GS) cut their price target on shares of Universal Display to $61.00 in a research note to investors on Thursday, May 10th. Finally, analysts at Piper Jaffray (NYSE: PJC) cut their price target on shares of Universal Display from $36.00 to $30.00 in a research note to investors on Tuesday, May 8th.
Shares of Universal Display opened at 27.35 on Friday. Universal Display has a one year low of $22.73 and a one year high of $60.28. The company has a market cap of $1.269 billion and a P/E ratio of 92.71.
Universal Display last issued its quarterly earnings data on Wednesday, May 9th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.07. The company’s quarterly revenue was up 31.3% on a year-over-year basis. On average, analysts predict that Universal Display will post $0.11 earnings per share next quarter.
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies for use in flat panel display, solid-state lighting and other applications.