LG Display (NYSE:LPL) Upgraded at Morgan Stanley

LG Display (NYSE:LPL) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Monday, MarketBeat reports.

A number of other equities research analysts have also commented on the company. StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. upgraded LG Display from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 10th.

LG Display Stock Up 1.6 %

Shares of NYSE LPL opened at $3.88 on Monday. LG Display has a 52-week low of $3.45 and a 52-week high of $5.66. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.68. The business has a fifty day moving average of $4.14 and a two-hundred day moving average of $4.02. The stock has a market cap of $3.88 billion, a PE ratio of -1.60 and a beta of 1.37.

LG Display (NYSE:LPL) last released its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). The firm 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%. As a group, equities research analysts expect that LG Display will post -0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LG Display

A number of large investors have recently modified their holdings of LPL. Sunbelt Securities Inc. bought a new position in shares of LG Display in the 1st quarter valued at about $32,000. CWM LLC raised its holdings 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 acquiring an additional 7,211 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings 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 buying an additional 36,483 shares during the last quarter. PDS Planning Inc increased its stake in shares of LG Display by 20.3% during the 1st quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock worth $128,000 after purchasing an additional 5,290 shares during the last quarter. Finally, Blue Trust Inc. increased its position 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 buying an additional 20,660 shares during 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.