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

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

A number of other brokerages have also recently weighed in on LPL. JPMorgan Chase & Co. raised LG Display from a neutral rating to an overweight rating in a research note on Wednesday, July 10th. Morgan Stanley upgraded shares of LG Display from an equal weight rating to an overweight rating in a report on Monday, September 16th.

LG Display Price Performance

NYSE:LPL opened at $4.23 on Friday. The company has a market capitalization of $4.23 billion, a P/E ratio of -1.74 and a beta of 1.37. LG Display has a 52 week low of $3.45 and a 52 week high of $5.66. The stock’s fifty day moving average is $4.02 and its two-hundred day moving average is $4.01. 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 (NYSE:LPL) last released its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts expect that LG Display will post -0.74 EPS for the current year.

Institutional Investors Weigh In On LG Display

A number of hedge funds have recently bought and sold shares of LPL. Sunbelt Securities Inc. purchased a new stake in shares of LG Display during the 1st quarter worth $32,000. CWM LLC lifted its stake in LG Display by 66.4% during the first quarter. CWM LLC now owns 18,073 shares of the electronics maker’s stock worth $74,000 after purchasing an additional 7,211 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in LG Display by 69.8% in the first quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock valued at $364,000 after purchasing an additional 36,483 shares in the last quarter. PDS Planning Inc increased its stake in LG Display by 20.3% in the first quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock valued at $128,000 after purchasing an additional 5,290 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in LG Display by 268.3% during the second quarter. Blue Trust Inc. now owns 28,361 shares of the electronics maker’s stock worth $116,000 after purchasing an additional 20,660 shares in the last quarter.

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.