LG Display (NYSE:LPL) Raised to “Buy” at StockNews.com

LG Display (NYSE:LPL) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Separately, Bank of America assumed coverage on LG Display in a report on Thursday, April 24th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

LG Display Price Performance

Shares of NYSE LPL opened at $3.23 on Monday. The stock has a market capitalization of $3.23 billion, a PE ratio of -1.34 and a beta of 1.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.64 and a quick ratio of 0.43. The business has a fifty day moving average price of $2.99 and a two-hundred day moving average price of $3.21. LG Display has a fifty-two week low of $2.43 and a fifty-two week high of $4.86.

Hedge Funds Weigh In On LG Display

A number of institutional investors have recently modified their holdings of LPL. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of LG Display during the 4th quarter worth $428,000. Blue Trust Inc. raised its holdings in shares of LG Display by 61.6% during the 4th quarter. Blue Trust Inc. now owns 296,355 shares of the electronics maker’s stock worth $910,000 after buying an additional 112,964 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of LG Display by 498.6% during the 1st quarter. Cerity Partners LLC now owns 128,662 shares of the electronics maker’s stock worth $400,000 after buying an additional 107,167 shares in the last quarter. Ethic Inc. raised its holdings in shares of LG Display by 87.7% during the 1st quarter. Ethic Inc. now owns 163,998 shares of the electronics maker’s stock worth $505,000 after buying an additional 76,633 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of LG Display by 5.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,371,287 shares of the electronics maker’s stock worth $4,210,000 after buying an additional 70,081 shares in the last quarter.

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.