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

LG Display (NYSE:LPL) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Other equities research analysts have also recently issued reports about 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 report on Wednesday, July 10th.

LG Display Price Performance

Shares of LPL stock opened at $3.90 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 1.12. LG Display has a 12-month low of $3.45 and a 12-month high of $5.66. The firm has a fifty day moving average of $3.96 and a 200-day moving average of $4.00. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -1.60 and a beta of 1.37.

LG Display (NYSE:LPL) last released its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. The business had revenue of $4.89 billion for the quarter. On average, equities research analysts forecast that LG Display will post -0.5 earnings per share for the current year.

Institutional Trading of LG Display

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in shares of LG Display in the 2nd quarter valued at approximately $468,000. American Century Companies Inc. increased its stake 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 worth $4,824,000 after purchasing an additional 63,080 shares during the last quarter. Natixis Advisors LLC bought a new stake in shares of LG Display in the 2nd quarter valued at about $224,000. BNP Paribas Financial Markets lifted its stake 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 valued at $326,000 after purchasing an additional 40,035 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in LG Display by 69.8% during the first quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock worth $364,000 after purchasing 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.