LG Display (NYSE:LPL) Upgraded to Overweight by Morgan Stanley

LG Display (NYSE:LPL) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Sunday, The Fly reports.

Separately, Zacks Investment Research cut shares of LG Display from a “hold” rating to a “strong sell” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Shares of LG Display stock traded up $0.12 during trading hours on Friday, reaching $6.23. The company’s stock had a trading volume of 356,011 shares, compared to its average volume of 288,707. LG Display has a one year low of $5.08 and a one year high of $9.81. The company’s 50 day simple moving average is $6.03 and its 200 day simple moving average is $6.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.76 and a current ratio of 1.01. The stock has a market cap of $4.37 billion, a P/E ratio of -23.96 and a beta of 0.90.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.02). The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.97 billion. LG Display had a negative net margin of 3.62% and a negative return on equity of 5.86%. On average, sell-side analysts predict that LG Display will post -1.97 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in LPL. AGF Investments Inc. increased its position in LG Display by 49.5% in the second quarter. AGF Investments Inc. now owns 301,992 shares of the electronics maker’s stock worth $2,340,000 after buying an additional 100,000 shares during the period. Mizuho Securities Co. Ltd. increased its holdings in shares of LG Display by 487.8% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 24,659 shares of the electronics maker’s stock worth $191,000 after acquiring an additional 20,464 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of LG Display in the 2nd quarter worth about $197,000. Corient Capital Partners LLC lifted its position in LG Display by 49.5% in the 2nd quarter. Corient Capital Partners LLC now owns 16,352 shares of the electronics maker’s stock valued at $127,000 after purchasing an additional 5,416 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd lifted its position in LG Display by 332.7% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 473,478 shares of the electronics maker’s stock valued at $3,659,000 after purchasing an additional 364,045 shares during the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

LG Display Company Profile

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

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