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

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

A number of other research analysts also recently issued reports on LPL. JPMorgan Chase & Co. downgraded shares of LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup downgraded shares of LG Display from a “buy” rating to a “sell” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

LG Display Stock Down 1.1 %

NYSE:LPL opened at $3.44 on Tuesday. The firm’s 50 day simple moving average is $3.76 and its 200 day simple moving average is $3.91. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.43. LG Display has a one year low of $3.33 and a one year high of $5.66. The company has a market cap of $3.44 billion, a PE ratio of -1.99 and a beta of 1.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted 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 period. QRG Capital Management Inc. acquired a new position in shares of LG Display during the 3rd quarter valued at $42,000. Caprock Group LLC acquired a new position in shares of LG Display during the 2nd quarter valued at $50,000. Drive Wealth Management LLC acquired a new position in shares of LG Display during the 2nd quarter valued at $50,000. Finally, EverSource Wealth Advisors LLC lifted 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 period.

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.