LG Display (NYSE:LPL) Raised to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of LG Display (NYSE:LPL) from a neutral rating to an overweight rating in a report published on Wednesday, MarketBeat reports.

Separately, StockNews.com lowered LG Display from a buy rating to a hold rating in a report on Wednesday, April 3rd.

LG Display Trading Up 2.3 %

LG Display stock opened at $4.81 on Wednesday. LG Display has a twelve month low of $3.45 and a twelve month high of $6.08. The company has a current ratio of 0.73, a quick ratio of 0.49 and a debt-to-equity ratio of 1.18. The firm’s 50 day moving average price is $3.92 and its two-hundred day moving average price is $4.21.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Thursday, May 16th. The electronics maker reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.24). The company had revenue of $4.20 billion during the quarter. LG Display had a negative return on equity of 24.29% and a negative net margin of 10.46%. On average, analysts forecast that LG Display will post -0.99 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets increased its position in LG Display by 101.2% during the first quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker’s stock worth $326,000 after buying an additional 40,035 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of LG Display by 69.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock valued at $364,000 after acquiring an additional 36,483 shares in the last quarter. Schechter Investment Advisors LLC acquired a new stake in LG Display in the 4th quarter worth approximately $131,000. Sivia Capital Partners LLC bought a new stake in LG Display during the fourth quarter worth approximately $128,000. Finally, Drive Wealth Management LLC acquired a new position in LG Display during the fourth quarter valued at approximately $65,000.

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.