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

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

Several other brokerages have 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 note on Monday, September 16th. JPMorgan Chase & Co. cut shares of LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Citigroup cut shares of LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th.

LG Display Price Performance

Shares of NYSE LPL opened at $3.49 on Tuesday. The firm has a market cap of $3.49 billion, a PE ratio of -1.99 and a beta of 1.38. The firm has a fifty day moving average of $3.77 and a 200 day moving average of $3.92. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.43 and a current ratio of 0.65. LG Display has a one year low of $3.33 and a one year high of $5.66.

Institutional Investors Weigh In On LG Display

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of LG Display by 45.9% during the 2nd 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 during the last quarter. QRG Capital Management Inc. acquired a new position in shares of LG Display during the 3rd quarter valued at about $42,000. Drive Wealth Management LLC acquired a new position in shares of LG Display during the 2nd quarter valued at about $50,000. Caprock Group LLC acquired a new position in shares of LG Display during the 2nd quarter valued at about $50,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of LG Display by 101.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 13,592 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 6,836 shares during the last quarter.

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.