LG Display (NYSE:LPL) Raised to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of LG Display (NYSE:LPL) from an equal weight rating to an overweight rating in a research note issued to investors on Monday, Marketbeat Ratings reports.

Several other research firms have also commented on LPL. StockNews.com lowered shares of LG Display from a buy rating to a hold rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of LG Display from a neutral rating to an overweight rating in a research note on Wednesday, July 10th.

LG Display Trading Down 0.4 %

LPL opened at $3.87 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47. LG Display has a fifty-two week low of $3.45 and a fifty-two week high of $5.66. The firm has a market capitalization of $3.87 billion, a PE ratio of -1.59 and a beta of 1.37. The company’s 50-day moving average is $4.10 and its 200 day moving average is $4.01.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LPL. Renaissance Technologies LLC bought a new position in shares of LG Display during the 2nd quarter valued at approximately $468,000. American Century Companies Inc. grew its position in shares of LG Display by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock valued at $4,824,000 after acquiring an additional 63,080 shares during the period. Natixis Advisors LLC bought a new position in shares of LG Display during the 2nd quarter valued at approximately $224,000. BNP Paribas Financial Markets boosted its holdings in LG Display by 101.2% in the 1st quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker’s stock worth $326,000 after buying an additional 40,035 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in LG Display by 69.8% in the 1st 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 period.

About LG Display

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.