Morgan Stanley upgraded shares of LG Display (NYSE:LPL - Free Report) from an underweight rating to an equal weight rating in a report released on Wednesday morning, MarketBeat.com reports.
Other research analysts have also recently issued reports about the company. Bank of America initiated coverage on LG Display in a research report on Thursday, April 24th. They set a "neutral" rating for the company. Wall Street Zen raised shares of LG Display from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, LG Display has a consensus rating of "Hold".
View Our Latest Stock Report on LPL
LG Display Stock Performance
Shares of NYSE:LPL traded up $0.03 during midday trading on Wednesday, reaching $3.46. The company's stock had a trading volume of 176,782 shares, compared to its average volume of 216,201. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 1.00. The stock has a fifty day moving average of $2.99 and a 200 day moving average of $3.15. LG Display has a twelve month low of $2.43 and a twelve month high of $4.86. The firm has a market capitalization of $3.46 billion, a PE ratio of -1.44 and a beta of 1.44.
LG Display (NYSE:LPL - Get Free Report) last announced its quarterly 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). The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.33 billion. LG Display had a negative return on equity of 29.08% and a negative net margin of 9.42%. On average, equities analysts expect that LG Display will post 0.59 EPS for the current fiscal year.
Hedge Funds Weigh In On LG Display
Large investors have recently bought and sold shares of the business. Fragasso Financial Advisors Inc purchased a new stake in shares of LG Display in the first quarter valued at approximately $32,000. Two Sigma Advisers LP purchased a new position in LG Display during the fourth quarter valued at $32,000. Savant Capital LLC acquired a new stake in shares of LG Display in the fourth quarter valued at about $38,000. BSW Wealth Partners acquired a new position in shares of LG Display during the 1st quarter worth about $42,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of LG Display in the first quarter worth approximately $44,000.
About LG Display
(
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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.
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