Morgan Stanley upgraded shares of LG Display (NYSE:LPL) from an equal weight rating to an overweight rating in a report released on Sunday morning, Briefing.com Automated Import reports.
Separately, Zacks Investment Research lowered LG Display from a hold rating to a strong sell rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $7.00.
LG Display stock opened at $6.64 on Friday. LG Display has a 52 week low of $5.08 and a 52 week high of $9.81. The company’s 50 day moving average price is $6.09 and its two-hundred day moving average price is $6.31. The stock has a market cap of $4.84 billion, a P/E ratio of -25.54 and a beta of 0.90. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 0.81.
A number of institutional investors and hedge funds have recently bought and sold shares of LPL. Corient Capital Partners LLC grew its stake in shares of LG Display by 49.5% during the 2nd quarter. Corient Capital Partners LLC now owns 16,352 shares of the electronics maker’s stock worth $127,000 after acquiring an additional 5,416 shares during the period. Tower Research Capital LLC TRC bought a new stake in LG Display in the 2nd quarter valued at about $130,000. Mizuho Securities Co. Ltd. lifted its holdings in LG Display by 487.8% during the second quarter. Mizuho Securities Co. Ltd. now owns 24,659 shares of the electronics maker’s stock valued at $191,000 after purchasing an additional 20,464 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in LG Display during the second quarter worth about $197,000. Finally, Banco de Sabadell S.A purchased a new position in shares of LG Display in the second quarter worth about $227,000. Institutional investors own 2.55% of the company’s stock.
About LG Display
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.
Further Reading: Percentage Decliners
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