LG Display Co., Ltd. (LPL) Given a $16.00 Price Target by Cowen and Company Analysts

LG Display Co., Ltd. (NYSE:LPL) has been given a $16.00 target price by stock analysts at Cowen and Company in a research note issued to investors on Monday. The firm currently has a “buy” rating on the electronics maker’s stock. Cowen and Company’s target price points to a potential upside of 23.36% from the company’s previous close.

LPL has been the topic of a number of other reports. Zacks Investment Research downgraded LG Display Co. from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. BidaskClub upgraded LG Display Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. UBS AG downgraded LG Display Co. from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. Finally, Nomura restated a “neutral” rating on shares of LG Display Co. in a research note on Thursday, October 19th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. LG Display Co. currently has an average rating of “Hold” and an average target price of $16.50.

Shares of LG Display Co. (NYSE:LPL) opened at 12.97 on Monday. LG Display Co. has a 52 week low of $11.26 and a 52 week high of $17.05. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 4.58 and a beta of 0.32. The firm has a 50 day moving average price of $13.66 and a 200 day moving average price of $14.19.

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A number of institutional investors have recently made changes to their positions in LPL. Morgan Stanley raised its holdings in LG Display Co. by 18.1% in the 1st quarter. Morgan Stanley now owns 1,439,421 shares of the electronics maker’s stock worth $19,604,000 after purchasing an additional 220,866 shares during the period. Aperio Group LLC raised its holdings in LG Display Co. by 33.8% in the 2nd quarter. Aperio Group LLC now owns 739,439 shares of the electronics maker’s stock worth $11,883,000 after purchasing an additional 186,817 shares during the period. Parametric Portfolio Associates LLC raised its holdings in LG Display Co. by 17.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 736,779 shares of the electronics maker’s stock worth $11,840,000 after purchasing an additional 110,776 shares during the period. NorthCoast Asset Management LLC bought a new position in LG Display Co. in the 2nd quarter worth $1,359,000. Finally, Diversified Trust Co bought a new position in LG Display Co. in the 2nd quarter worth $1,201,000. 3.71% of the stock is currently owned by institutional investors.

LG Display Co. 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.

Analyst Recommendations for LG Display Co. (NYSE:LPL)

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