LG Display (NYSE:LPL) was upgraded by CLSA from an “underperform” rating to an “outperform” rating in a research report issued on Tuesday, The Fly reports.
Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Cowen set a $16.00 price objective on shares of LG Display and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Nomura restated a “neutral” rating on shares of LG Display in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.50.
Shares of LG Display (NYSE LPL) traded up $1.33 during trading hours on Tuesday, reaching $15.59. 3,874,420 shares of the company’s stock traded hands, compared to its average volume of 817,614. The company has a quick ratio of 1.07, a current ratio of 1.40 and a debt-to-equity ratio of 0.27. LG Display has a 52-week low of $11.91 and a 52-week high of $17.05. The company has a market cap of $11,270.00, a PE ratio of 4.65, a PEG ratio of 0.66 and a beta of 0.47.
LG Display (NYSE:LPL) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. LG Display had a net margin of 10.02% and a return on equity of 18.21%. research analysts expect that LG Display will post 2.57 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of LG Display by 13.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,444 shares of the electronics maker’s stock worth $120,000 after purchasing an additional 857 shares during the last quarter. KCS Wealth Advisory acquired a new position in shares of LG Display during the 4th quarter worth about $156,000. Cubist Systematic Strategies LLC acquired a new position in shares of LG Display during the 2nd quarter worth about $168,000. Quantitative Systematic Strategies LLC acquired a new position in shares of LG Display during the 3rd quarter worth about $175,000. Finally, Citadel Advisors LLC acquired a new position in shares of LG Display during the 2nd quarter worth about $241,000. Institutional investors own 4.04% of the company’s stock.
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About LG Display
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.