LG Display (NYSE:LPL) Upgraded at Morgan Stanley

LG Display (NYSE:LPLGet Free Report) 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.

View Our Latest Research Report on LG Display

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:LPLGet Free Report) 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

(Get Free Report)

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.

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