Zacks Investment Research upgraded shares of LG Display Co. (NYSE:LPL) from a hold rating to a buy rating in a research note published on Wednesday morning. Zacks Investment Research currently has $15.00 target price on the stock.
According to Zacks, “LG Display Co., Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. LG Display offers TFT-LCD panels in a range of sizes and specifications primarily for use in televisions, notebook computers, and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays, and medical diagnostic equipment. LG Display Co., Ltd. is based in Seoul, the Republic of Korea. “
A number of other equities research analysts have also recently issued reports on LPL. Nomura upgraded LG Display from a reduce rating to a neutral rating in a report on Tuesday, June 28th. Barclays PLC assumed coverage on LG Display in a research note on Tuesday, June 21st. They issued an overweight rating and a $14.00 price target for the company. Sanford C. Bernstein cut LG Display from an outperform rating to a market perform rating and set a $13.18 price target for the company. in a research note on Friday, September 9th. They noted that the move was a valuation call. Credit Agricole SA upgraded LG Display from a sell rating to an outperform rating in a research note on Wednesday, July 6th. Finally, Bank of America Corp. upgraded LG Display from a neutral rating to a buy rating in a research note on Tuesday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. LG Display currently has an average rating of Hold and a consensus target price of $12.82.
LG Display (NYSE:LPL) opened at 12.99 on Wednesday. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 99.92 and a beta of 1.05. The firm has a 50-day moving average price of $13.06 and a 200-day moving average price of $12.10. LG Display has a 12 month low of $8.43 and a 12 month high of $14.36.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Orbis Allan Gray Ltd bought a new position in shares of LG Display during the first quarter valued at about $5,433,000. Bessemer Group Inc. bought a new position in shares of LG Display during the first quarter valued at about $992,000. OLD Mission Capital LLC bought a new position in shares of LG Display during the first quarter valued at about $3,077,000. Emerald Acquisition Ltd. bought a new stake in LG Display during the second quarter worth $3,904,000. Finally, NINE MASTS CAPITAL Ltd bought a new stake in LG Display during the first quarter worth $2,709,000. Institutional investors own 3.34% of the company’s stock.
LG Display Company Profile
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
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