Morgan Stanley upgraded shares of LG Display (NYSE:LPL) from an equal weight rating to an overweight rating in a report published on Sunday, The Fly reports.
Separately, Zacks Investment Research lowered LG Display from a hold rating to a strong sell rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. LG Display currently has an average rating of Hold and an average price target of $7.00.
LPL stock opened at $6.23 on Friday. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of -23.96 and a beta of 0.90. The firm’s 50-day moving average price is $6.03 and its two-hundred day moving average price is $6.32. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.81. LG Display has a 12-month low of $5.08 and a 12-month high of $9.81.
Institutional investors and hedge funds have recently made changes to their positions in the business. Corient Capital Partners LLC increased its stake in shares of LG Display by 49.5% during the second quarter. Corient Capital Partners LLC now owns 16,352 shares of the electronics maker’s stock valued at $127,000 after purchasing an additional 5,416 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of LG Display during the second quarter valued at approximately $130,000. Mizuho Securities Co. Ltd. boosted its position in shares of LG Display by 487.8% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 24,659 shares of the electronics maker’s stock worth $191,000 after purchasing an additional 20,464 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of LG Display in the 2nd quarter worth approximately $197,000. Finally, Banco de Sabadell S.A purchased a new stake in shares of LG Display in the 2nd quarter worth approximately $227,000. Institutional investors and hedge funds own 2.55% of the company’s stock.
LG Display Company Profile
LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.
Recommended Story: Accumulation/Distribution
Receive News & Ratings for LG Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LG Display and related companies with MarketBeat.com's FREE daily email newsletter.