LG Display (NYSE:LPL) Raised to Equal Weight at Morgan Stanley

Morgan Stanley upgraded shares of LG Display (NYSE:LPL) from an underweight rating to an equal weight rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports.

A number of other brokerages also recently commented on LPL. Bank of America initiated coverage on shares of LG Display in a research report on Thursday, April 24th. They issued a “neutral” rating for the company. Wall Street Zen upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, LG Display has an average rating of “Hold”.

LG Display Price Performance

Shares of NYSE:LPL opened at $3.34 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 1.00. The company has a market cap of $3.34 billion, a P/E ratio of -1.38 and a beta of 1.44. LG Display has a 52 week low of $2.43 and a 52 week high of $4.86. The company has a 50-day moving average price of $3.02 and a 200 day moving average price of $3.15.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Thursday, May 15th. The electronics maker reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.33 billion. LG Display had a negative net margin of 9.42% and a negative return on equity of 29.08%. Research analysts predict that LG Display will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On LG Display

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PDS Planning Inc lifted its position in shares of LG Display by 16.7% during the 4th quarter. PDS Planning Inc now owns 23,782 shares of the electronics maker’s stock valued at $73,000 after acquiring an additional 3,401 shares during the period. Millennium Management LLC lifted its position in shares of LG Display by 21.2% during the 4th quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker’s stock valued at $64,000 after acquiring an additional 3,661 shares during the period. Rhumbline Advisers lifted its position in shares of LG Display by 1.9% during the 4th quarter. Rhumbline Advisers now owns 355,197 shares of the electronics maker’s stock valued at $1,090,000 after acquiring an additional 6,484 shares during the period. Ethic Inc. lifted its position in shares of LG Display by 8.4% during the 4th quarter. Ethic Inc. now owns 87,365 shares of the electronics maker’s stock valued at $268,000 after acquiring an additional 6,802 shares during the period. Finally, Fragasso Financial Advisors Inc acquired a new stake in shares of LG Display during the 1st quarter valued at approximately $32,000.

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.