Positive Report for Universal Display from Gabelli

By Carrie Williams

Universal Display (NASDAQ: OLED) received a Buy rating and a $68 price target from Gabelli analyst Hendi Susanto today. The company’s shares closed yesterday at $51.95.

Susanto has an average return of 15.4% when recommending Universal Display.

According to TipRanks.com, Susanto is ranked #1560 out of 4164 analysts.

Universal Display has an analyst consensus of Moderate Buy, with a price target consensus of $51.

The company has a one year high of $74.39 and a one year low of $37.91. Currently, Universal Display has an average volume of 780K.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Leonard Becker, a Director at OLED sold 5,000 shares for a total of $305,541.

Universal Display Corp. engages in research, development and commercialization of organic light emitting diode, technologies and materials. The company 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. Universal Display was founded by Sherwin I. Seligsohn in 1994 and is headquartered in Ewing, NJ.