Canaccord Genuity Gives Hold Rating to Universal Display (PANL)

By admin | 7 years ago

Universal Display (NASDAQ: PANL)‘s stock had its “hold” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Friday.

Universal Display traded down 0.49% on Friday, hitting $40.31. Universal Display has a 1-year low of $22.73 and a 1-year high of $60.28. The company has a market cap of $1.860 billion and a price-to-earnings ratio of 578.71.

Universal Display last released its earnings data on Tuesday, February 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. The company’s quarterly revenue was up 73.1% on a year-over-year basis. On average, analysts predict that Universal Display will post $0.24 earnings per share next quarter.

A number of other firms have also recently commented on PANL. Analysts at Needham & Company reiterated a “hold” rating on shares of Universal Display in a research note to investors on Wednesday, February 29th. Analysts at Brigantine initiated coverage on shares of Universal Display in a research note to investors on Friday, February 24th. They set a “buy” rating on the stock.

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.

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