Several brokerage firms at Wall Street have issued a rating of buy on the stocks of OLED. Close to nine brokerage firms have prescribed the ratings, according to reports. Two of the investment analysts previously gave the rating of hold to the company, while six of them have given the company a rating of buy. OLED also has a price target of $219.43, which has been calculated over a single year.
The Quarterly Estimates of OLED
There have been quite a few brokerages who have commented on the stocks of OLED. Roth Capital has already increased the rating of the company from neutral to buy, in a 30th October research report. The Goldman Sachs Group also decided to follow on the same trajectory and increased the price target from $214 to $245, while giving the company a rating of buy in a 29th December research report. Needham & Company LLC has also increased the price target on the company from $225 to $240, along with a price rating of buy. Cowen decided to invest in the price range of the company, and increased it from $200 to $225, along with an outperform rating.
The shares of OLED traded on Friday at $247.86. The year low of the company is $105.11, with a year high of $262.77. The moving average price of OLED over 50 days has been set at $239.42, while the moving average price over 200-days has been fixed at $198.70. The market cap of OLED is $11.68 billion, with a 111.15 PE ratio.
The stocks of this company previously updated their quarterly report on the 29th of October. The manufacturers of semiconductors reported an EPS of $0.85 which was more than the consensus estimate of about $0.54. The net margin of the company has been set at 27.22%, with a 13.21% return on its equity.
