Analyst Update: Universal Display, Ford Motor, Citigroup

Analysts revised their ratings and price targets on Universal Display Corporation (NASDAQ:OLED), Ford Motor Company (NYSE:F), and Citigroup Inc (NYSE:C)

by Kirra Fedyszyn

Published on Apr 18, 2016 at 3:30 PM
Updated on Jul 20, 2020 at 1:46 PM

Analysts are weighing in on organic LED display creator Universal Display Corporation (NASDAQ:OLED), car maker Ford Motor Company (NYSE:F), and banking stock Citigroup Inc (NYSE:C). Here's a quick roundup of today's brokerage notes on OLED, F, and C.

  • OLED is up 7.1% today at $61.99 -- and earlier touched a new five-year high of $62.11 -- after Canaccord Genuity raised its price target on the stock to $55 from $46, citing increased probability of a licensing extension between the company and Samsung's panel-making business. Universal Display Corporation has been on the rise since February, and broke out last week above previous resistance near $56. The stock has consistently outperformed the broader market in recent months, and option traders have been betting on more upside. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), speculators have bought to open more than five OLED calls for each put over the past 10 weeks -- with the resulting call/put volume ratio of 5.40 higher than 62% of the past year's readings.
  • F is up 2.2% at $13.22 after an upbeat write-up in Barron's said the stock could have 25% upside over the next year (subscription required). Separately, according to J.D. Power, Ford Motor Company was also the top-selling car maker for the month of March. After briefly recovering from an early 2016 dip in March, the shares have resumed their longer-term downtrend under pressure from their 120-day moving average. And options traders appear to be betting for the losses to continue. At the ISE, CBOE, and PHLX, the equity's 50-day put/call volume ratio of 0.82 is just 1 percentage point shy of an annual high -- though call buyers have occasionally made noise.
  • C is up just 0.1% at $44.96 on a mixed bag of analyst attention, as traders weigh a downgrade to "market perform" from "outperform" at KBW against price-target hikes to $65 and $63 at Nomura and BMO, respectively. Citigroup Inc reported first-quarter earnings that beat expectations on Friday, but like several sector peers, booked significantly lower profits year-over-year. Still, 13 of 16 analysts recommend buying the stock, without a single "sell" opinion to be found. And during the past two weeks on the ISE, CBOE, and PHLX, long calls have more than doubled puts, with the resulting call/put volume ratio of 2.22 sitting higher than two-thirds of the past year's readings.
For other stocks in analysts' crosshairs, read Analyst Upgrades: Walt Disney Co, Kinross Gold Corporation, and T-Mobile US Inc and Analyst Downgrades: TransEnterix, Inc., Chiasma Inc, and Calumet Specialty Products Partners, L.P.

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