LG Display (NYSE:LPL) Stock Rating Upgraded by StockNews.com

LG Display (NYSE:LPL) was upgraded by equities researchers 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 analysts have also commented on the stock. Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. upgraded LG Display from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 10th.

LG Display Stock Down 0.6 %

Shares of NYSE:LPL traded down $0.02 during midday trading on Friday, hitting $4.24. 114,087 shares of the stock were exchanged, compared to its average volume of 345,630. The company has a market capitalization of $4.24 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 has a 52-week low of $3.45 and a 52-week high of $5.66. The business’s fifty day simple moving average is $4.02 and its two-hundred day simple moving average is $4.02.

LG Display (NYSE:LPL) last released its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share (EPS) 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 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

Several hedge funds and other institutional investors have recently bought and sold shares of LPL. GAMMA Investing LLC grew its position in LG Display by 45.9% in the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 2,363 shares during the period. Sunbelt Securities Inc. bought a new position in shares of LG Display in the first quarter valued at about $32,000. HB Wealth Management LLC bought a new position in shares of LG Display in the first quarter worth about $46,000. Drive Wealth Management LLC acquired a new position in LG Display during the 2nd quarter worth $50,000. Finally, Caprock Group LLC acquired a new position in shares of LG Display during the second quarter valued at $50,000.

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.