LG Display (NYSE:LPL) Stock Rating Upgraded by Morgan Stanley

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

Several other brokerages also recently issued reports on LPL. StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised shares of LG Display from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 10th.

LG Display Stock Down 1.4 %

Shares of NYSE LPL opened at $3.88 on Monday. LG Display has a 12-month low of $3.45 and a 12-month high of $5.66. The company has a market capitalization of $3.88 billion, a PE ratio of -1.59 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47. The firm’s 50-day moving average is $4.11 and its two-hundred day moving average is $4.01.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.37). LG Display had a negative net margin of 8.18% and a negative return on equity of 21.29%. The business had revenue of $4.89 billion during the quarter. Equities analysts anticipate that LG Display will post -0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On LG Display

Several institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in LG Display by 307.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,756 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 5,098 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in LG Display during the fourth quarter worth approximately $128,000. CWM LLC increased its position 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. Sunbelt Securities Inc. acquired a new position in LG Display during the first quarter worth approximately $32,000. Finally, HB Wealth Management LLC acquired a new position in LG Display during the first quarter worth approximately $46,000.

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.