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

LG Display (NYSE:LPL) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of LG Display from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 10th. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th.

LG Display Trading Down 0.6 %

LG Display stock traded down $0.02 during mid-day trading on Friday, hitting $4.24. The company’s stock had a trading volume of 114,087 shares, compared to its average volume of 345,630. LG Display has a 1 year low of $3.45 and a 1 year high of $5.66. The firm has a market capitalization of $4.24 billion, a PE ratio of -1.74 and a beta of 1.37. The stock’s fifty day moving average is $4.02 and its two-hundred day moving average is $4.02. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12.

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

Hedge Funds Weigh In On LG Display

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of LG Display by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock worth $31,000 after buying an additional 2,363 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in LG Display in the first quarter worth about $32,000. HB Wealth Management LLC acquired a new stake in LG Display in the first quarter worth about $46,000. Drive Wealth Management LLC acquired a new position in LG Display during the 2nd quarter valued at about $50,000. Finally, Caprock Group LLC acquired a new position in shares of LG Display during the second quarter valued at approximately $50,000.

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.