LG Display (NYSE:LPL) Upgraded to Equal Weight at Morgan Stanley

Morgan Stanley upgraded shares of LG Display (NYSE:LPL - Free Report) from an underweight rating to an equal weight rating in a report published on Wednesday, Marketbeat reports.

Several other equities research analysts have also weighed in on the company. Bank of America started coverage on LG Display in a report on Thursday, April 24th. They issued a "neutral" rating for the company. Wall Street Zen raised LG Display from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold".

LG Display Stock Down 3.3%

Shares of LG Display stock traded down $0.12 during trading on Wednesday, hitting $3.34. 138,058 shares of the stock traded hands, compared to its average volume of 214,762. The stock has a market cap of $3.34 billion, a P/E ratio of -1.38 and a beta of 1.44. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.43 and a current ratio of 0.64. LG Display has a twelve month low of $2.43 and a twelve month high of $4.86. The company has a fifty day moving average price of $3.02 and a two-hundred day moving average price of $3.15.

LG Display (NYSE:LPL - Get Free Report) last posted its earnings results on Thursday, May 15th. The electronics maker reported ($0.18) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.33 billion. Equities research analysts predict that LG Display will post 0.59 EPS for the current fiscal year.

Institutional Trading of LG Display

A number of institutional investors and hedge funds have recently modified their holdings of the company. Savant Capital LLC bought a new stake in LG Display in the fourth quarter valued at $38,000. Rhumbline Advisers boosted its stake in LG Display by 1.9% in the fourth 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 in the last quarter. Schechter Investment Advisors LLC increased its position in LG Display by 82.1% in the 4th quarter. Schechter Investment Advisors LLC now owns 36,062 shares of the electronics maker's stock valued at $111,000 after acquiring an additional 16,254 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in LG Display in the 4th quarter valued at about $428,000. Finally, Natural Investments LLC acquired a new stake in LG Display in the 4th quarter valued at about $94,000.

About LG Display

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.