LG Display (NYSE:LPL) Rating Increased to Buy at StockNews.com

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

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

LG Display Price Performance

NYSE LPL remained flat at $3.49 during trading hours on Tuesday. 127,515 shares of the company traded hands, compared to its average volume of 316,457. The company has a market cap of $3.49 billion, a P/E ratio of -1.99 and a beta of 1.38. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. LG Display has a one year low of $3.33 and a one year high of $5.66. The company’s 50-day moving average is $3.77 and its 200-day moving average is $3.92.

Hedge Funds Weigh In On LG Display

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in LG Display by 101.2% in the first quarter. EverSource Wealth Advisors LLC now owns 13,592 shares of the electronics maker’s stock valued at $55,000 after buying an additional 6,836 shares during the last quarter. 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 worth $31,000 after purchasing an additional 2,363 shares during the period. Blue Trust Inc. increased its holdings in LG Display by 268.3% in the 2nd quarter. Blue Trust Inc. now owns 28,361 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 20,660 shares during the last quarter. Drive Wealth Management LLC purchased a new stake in LG Display in the second quarter valued at approximately $50,000. Finally, Natixis Advisors LLC acquired a new position in LG Display during the second quarter worth $224,000.

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.