LG Display (NYSE:LPL) Upgraded to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of LG Display (NYSE:LPL) from a neutral rating to an overweight rating in a report issued on Monday morning, Briefing.com Automated Import reports.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut LG Display from a hold rating to a strong sell rating in a research note on Friday, August 23rd. Morgan Stanley upgraded LG Display from an equal weight rating to an overweight rating in a report on Sunday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $7.00.

Shares of LG Display stock traded down $0.11 during trading on Monday, reaching $6.77. The company’s stock had a trading volume of 13,021 shares, compared to its average volume of 296,958. LG Display has a 52-week low of $5.08 and a 52-week high of $9.81. The company has a market cap of $4.84 billion, a price-to-earnings ratio of -26.04 and a beta of 0.90. The firm’s 50-day moving average is $6.06 and its two-hundred day moving average is $6.32. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 0.81.

LG Display (NYSE:LPL) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.02). The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.97 billion. LG Display had a negative return on equity of 5.86% and a negative net margin of 3.62%. On average, equities research analysts anticipate that LG Display will post -1.97 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of LG Display by 28.5% during the third quarter. Barclays PLC now owns 540,050 shares of the electronics maker’s stock valued at $3,213,000 after purchasing an additional 119,750 shares during the period. Parametric Portfolio Associates LLC raised its holdings in LG Display by 61.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,409,677 shares of the electronics maker’s stock valued at $14,338,000 after buying an additional 914,437 shares during the last quarter. State Street Corp boosted its position in LG Display by 1.9% during the 3rd quarter. State Street Corp now owns 370,636 shares of the electronics maker’s stock valued at $2,205,000 after buying an additional 6,783 shares during the period. Corient Capital Partners LLC boosted its position in LG Display by 123.5% during the 3rd quarter. Corient Capital Partners LLC now owns 36,551 shares of the electronics maker’s stock valued at $217,000 after buying an additional 20,199 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in LG Display by 21.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 75,109 shares of the electronics maker’s stock worth $446,000 after acquiring an additional 13,366 shares during the last quarter. Hedge funds and other institutional investors own 2.55% of the company’s stock.

About LG Display

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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