LG Display (NYSE:LPL) Upgraded at StockNews.com

StockNews.com upgraded shares of LG Display (NYSE:LPL) from a hold rating to a buy rating in a report issued on Friday morning.

Other equities research analysts have also issued reports about the stock. Morgan Stanley raised shares of LG Display from an equal weight rating to an overweight rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised shares of LG Display from a neutral rating to an overweight rating in a report on Wednesday, July 10th.

LG Display Stock Down 0.7 %

LG Display stock opened at $4.23 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of -1.74 and a beta of 1.37. The business has a fifty day moving average price of $4.02 and a 200-day moving average price of $4.01. LG Display has a 1-year low of $3.45 and a 1-year high of $5.66.

LG Display (NYSE:LPL) last announced 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 company 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%. Equities research analysts forecast that LG Display will post -0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in LG Display in the 2nd quarter worth about $468,000. American Century Companies Inc. lifted 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 buying an additional 63,080 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of LG Display during the 2nd quarter valued at approximately $224,000. BNP Paribas Financial Markets increased 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 acquiring an additional 40,035 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position 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 acquiring 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.