After Roth Capital and Oppenheimer gave Universal Display (NASDAQ: OLED) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Mehdi Hosseini maintained a Buy rating on Universal Display today and set a price target of $146. The company’s shares opened today at $92.10, close to its 52-week low of $86.85.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 15.2% and a 54.5% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Pure Storage Inc, and Kla-Tencor Corp.
Universal Display has an analyst consensus of Strong Buy, with a price target consensus of $138.
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Based on Universal Display’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $5.87 million. In comparison, last year the company had a net profit of $10.17 million.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.
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Universal Display Corp. engages in research, development and commercialization of organic light emitting diode, technologies and materials. It also develops and licenses proprietary OLED technologies to manufacturers of products for display applications, such as cell phones, portable media devices, tablets, laptop computers and televisions and specialty and general lighting products. The company was founded by Sherwin I. Seligsohn in 1994 and is headquartered in Ewing, NJ.
