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.
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.
