LG Display (NYSE:LPL) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of LG Display (NYSE:LPL - Free Report) from a hold rating to a buy rating in a report issued on Monday morning.

Separately, Bank of America initiated coverage on shares of LG Display in a research note on Thursday, April 24th. They issued a "neutral" rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold".

LG Display Stock Down 1.4%

Shares of NYSE:LPL traded down $0.05 during trading on Monday, reaching $3.15. The stock had a trading volume of 112,380 shares, compared to its average volume of 226,201. LG Display has a one year low of $2.43 and a one year high of $4.86. The company has a market capitalization of $3.15 billion, a P/E ratio of -1.30 and a beta of 1.41. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 1.00. The firm's 50-day simple moving average is $2.99 and its 200 day simple moving average is $3.20.

LG Display (NYSE:LPL - Get Free Report) last released 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 $0.57 by ($0.75). LG Display had a negative net margin of 9.42% and a negative return on equity of 29.08%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.33 billion. As a group, research analysts expect that LG Display will post 0.59 EPS for the current fiscal year.

Institutional Trading of LG Display

A number of institutional investors have recently bought and sold shares of LPL. Blue Trust Inc. boosted its stake in LG Display by 61.6% in the 4th quarter. Blue Trust Inc. now owns 296,355 shares of the electronics maker's stock worth $910,000 after purchasing an additional 112,964 shares in the last quarter. Caprock Group LLC raised its position in LG Display by 48.7% during the 4th quarter. Caprock Group LLC now owns 17,144 shares of the electronics maker's stock worth $53,000 after buying an additional 5,618 shares during the last quarter. Savant Capital LLC purchased a new position in LG Display during the 4th quarter worth approximately $38,000. Rhumbline Advisers raised its position in LG Display by 1.9% during the 4th quarter. Rhumbline Advisers now owns 355,197 shares of the electronics maker's stock worth $1,090,000 after buying an additional 6,484 shares during the last quarter. Finally, Schechter Investment Advisors LLC raised its position in LG Display by 82.1% during the 4th quarter. Schechter Investment Advisors LLC now owns 36,062 shares of the electronics maker's stock worth $111,000 after buying an additional 16,254 shares during the last quarter.

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.