LG Display (NYSE:LPL) Rating Increased to Buy at StockNews.com

LG Display (NYSE:LPL) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also recently weighed in on LPL. JPMorgan Chase & Co. upgraded shares of LG Display from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 10th. Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

LG Display Stock Performance

Shares of NYSE LPL opened at $4.23 on Friday. The company’s fifty day moving average price is $4.02 and its 200 day moving average price is $4.02. LG Display has a 1 year low of $3.45 and a 1 year high of $5.66. The company has a market capitalization of $4.23 billion, a PE ratio of -1.74 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.68.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.37). The business had revenue of $4.89 billion during the quarter. LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. On average, research analysts predict that LG Display will post -0.74 earnings per share for the current year.

Institutional Investors Weigh In On LG Display

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in LG Display in the 1st quarter valued at about $32,000. CWM LLC grew its stake in shares of LG Display by 66.4% during the first quarter. CWM LLC now owns 18,073 shares of the electronics maker’s stock valued at $74,000 after acquiring an additional 7,211 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of LG Display by 69.8% in the first quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock worth $364,000 after buying an additional 36,483 shares during the last quarter. PDS Planning Inc increased its holdings in LG Display by 20.3% in the first quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock valued at $128,000 after buying an additional 5,290 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of LG Display by 268.3% during the second quarter. Blue Trust Inc. now owns 28,361 shares of the electronics maker’s stock worth $116,000 after purchasing an additional 20,660 shares during the period.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.