LG Display (NYSE:LPL) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of LG Display (NYSE:LPL) from a hold rating to a buy rating in a research note published on Sunday morning.

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

LG Display Stock Up 2.1 %

LPL opened at $3.81 on Friday. The firm has a 50 day moving average price of $3.96 and a 200 day moving average price of $4.00. The company has a market cap of $3.81 billion, a PE ratio of -1.57 and a beta of 1.37. LG Display has a 1 year low of $3.45 and a 1 year 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.

LG Display (NYSE:LPL) last posted its 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 business had revenue of $4.89 billion for the quarter. LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. Sell-side analysts expect that LG Display will post -0.5 earnings per share for the current year.

Institutional Trading of LG Display

Several large investors have recently bought and sold shares of LPL. GAMMA Investing LLC grew its position in LG Display by 45.9% in the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 2,363 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in LG Display in the first quarter valued at approximately $32,000. HB Wealth Management LLC acquired a new stake in LG Display in the first quarter valued at approximately $46,000. Drive Wealth Management LLC acquired a new stake in LG Display in the second quarter valued at approximately $50,000. Finally, Caprock Group LLC acquired a new stake in LG Display in the second quarter valued at approximately $50,000.

LG Display Company Profile

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.