Universal Display Stock Rating Reaffirmed by Goldman Sachs (PANL)

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Universal Display (NASDAQ: PANL)‘s stock had its “buy” rating reiterated by Goldman Sachs in a research note issued on Thursday, Stock Ratings Network.com reports. They currently have a $41.00 price target on the stock. Goldman Sachs’ price target would suggest a potential upside of 51.35% from the company’s current price.

A number of other firms have also recently commented on PANL. Analysts at Piper Jaffray raised their price target on shares of Universal Display from $16.00 to $18.00 in a research note to investors on Friday, May 10th. Separately, analysts at Canaccord Genuity cut their price target on shares of Universal Display from $32.00 to $30.00 in a research note to investors on Friday, May 10th. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Universal Display from $24.00 to $32.00 in a research note to investors on Monday, April 15th. They now have a “hold” rating on the stock.

Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Universal Display has an average rating of “Buy” and an average price target of $31.53.

Shares of Universal Display (NASDAQ: PANL) traded up 1.03% during mid-day trading on Thursday, hitting $27.37. Universal Display has a 52 week low of $21.55 and a 52 week high of $45.70. The stock’s 50-day moving average is currently $31.0. The company has a market cap of $1.263 billion and a P/E ratio of 203.68.

Universal Display (NASDAQ: PANL) last announced its earnings results on Thursday, May 9th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.02. The company had revenue of $14.98 million for the quarter, compared to the consensus estimate of $14.38 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, analysts predict that Universal Display will post $0.50 earnings per share for the current fiscal year.

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (NASDAQ: PANL) technologies and materials.

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