LG Display Co.’s (LPL) Buy Rating Reaffirmed at Cowen and Company

LG Display Co., Ltd. (NYSE:LPL)‘s stock had its “buy” rating restated by research analysts at Cowen and Company in a report issued on Friday, July 28th. They presently have a $20.40 price target on the electronics maker’s stock. Cowen and Company’s target price suggests a potential upside of 57.29% from the company’s current price.

Several other equities analysts have also weighed in on LPL. ValuEngine upgraded shares of LG Display Co. from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. BidaskClub lowered shares of LG Display Co. from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of LG Display Co. from a “hold” rating to a “sell” rating in a report on Friday, July 7th. UBS AG downgraded shares of LG Display Co. from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 26th. Finally, CLSA downgraded shares of LG Display Co. from an “outperform” rating to an “underperform” rating in a research report on Thursday, April 27th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. LG Display Co. currently has a consensus rating of “Hold” and an average target price of $16.86.

Shares of LG Display Co. (NYSE LPL) opened at 12.97 on Friday. LG Display Co. has a 52 week low of $11.26 and a 52 week high of $17.05. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 4.53 and a beta of 0.36. The firm’s 50-day moving average price is $14.89 and its 200-day moving average price is $13.86.

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Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of LG Display Co. by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 13,964 shares of the electronics maker’s stock worth $191,000 after buying an additional 147 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of LG Display Co. by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 29,802 shares of the electronics maker’s stock worth $407,000 after buying an additional 159 shares during the last quarter. US Bancorp DE raised its stake in shares of LG Display Co. by 6.5% in the first quarter. US Bancorp DE now owns 7,794 shares of the electronics maker’s stock worth $106,000 after buying an additional 473 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of LG Display Co. by 0.7% in the second quarter. Wells Fargo & Company MN now owns 71,816 shares of the electronics maker’s stock worth $1,154,000 after buying an additional 476 shares during the period. Finally, World Asset Management Inc boosted its position in shares of LG Display Co. by 1.4% in the first quarter. World Asset Management Inc now owns 44,580 shares of the electronics maker’s stock worth $607,000 after buying an additional 636 shares during the period. 3.88% of the stock is currently owned by institutional investors and hedge funds.

About LG Display Co.

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

Analyst Recommendations for LG Display Co. (NYSE:LPL)

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