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

LG Display (NYSE:LPL) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

A number of other analysts have also commented on the stock. Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. lowered shares of LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Citigroup lowered shares of LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th.

LG Display Stock Performance

Shares of LPL stock opened at $3.44 on Tuesday. The firm has a market capitalization of $3.44 billion, a PE ratio of -1.99 and a beta of 1.38. The firm has a fifty day simple moving average of $3.76 and a two-hundred day simple moving average of $3.91. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03. LG Display has a 12 month low of $3.33 and a 12 month high of $5.66.

Institutional Trading of LG Display

Several institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of LG Display by 27.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock worth $5,270,000 after acquiring an additional 283,441 shares in the last quarter. American Century Companies Inc. grew its stake in shares of LG Display by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock worth $4,824,000 after acquiring an additional 63,080 shares in the last quarter. State Street Corp grew its stake in shares of LG Display by 1.2% in the 3rd quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock worth $2,545,000 after acquiring an additional 7,412 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of LG Display in the 3rd quarter worth $797,000. Finally, Blue Trust Inc. grew its position in LG Display by 546.6% during the third quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock valued at $756,000 after buying an additional 155,030 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.