LG Display (NYSE:LPL) Upgraded by Morgan Stanley to “Equal Weight” Rating

LG Display (NYSE:LPL) was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report released on Wednesday, MarketBeat.com reports.

Other analysts have also recently issued research reports about the stock. Bank of America assumed coverage on shares of LG Display in a research note on Thursday, April 24th. They issued a “neutral” rating on the stock. Wall Street Zen raised LG Display from a “hold” rating to a “buy” rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

LG Display Price Performance

Shares of NYSE:LPL opened at $3.46 on Wednesday. The firm has a market capitalization of $3.46 billion, a PE ratio of -1.44 and a beta of 1.44. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 1.00. LG Display has a 1-year low of $2.43 and a 1-year high of $4.86. The business’s 50 day moving average is $3.01 and its 200-day moving average is $3.15.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Thursday, May 15th. The electronics maker reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). LG Display had a negative return on equity of 29.08% and a negative net margin of 9.42%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.33 billion. Sell-side analysts predict that LG Display will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPL. PDS Planning Inc increased its position in LG Display by 16.7% in the 4th quarter. PDS Planning Inc now owns 23,782 shares of the electronics maker’s stock valued at $73,000 after acquiring an additional 3,401 shares in the last quarter. Millennium Management LLC increased its holdings in shares of LG Display by 21.2% in the fourth quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker’s stock valued at $64,000 after purchasing an additional 3,661 shares in the last quarter. Rhumbline Advisers raised its position in LG Display by 1.9% in the 4th quarter. Rhumbline Advisers now owns 355,197 shares of the electronics maker’s stock worth $1,090,000 after purchasing an additional 6,484 shares during the last quarter. Ethic Inc. lifted its holdings in LG Display by 8.4% during the 4th quarter. Ethic Inc. now owns 87,365 shares of the electronics maker’s stock worth $268,000 after buying an additional 6,802 shares in the last quarter. Finally, Fragasso Financial Advisors Inc acquired a new stake in shares of LG Display in the 1st quarter valued at $32,000.

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.