Morgan Stanley Upgrades LG Display (LPL) to Overweight
Morgan Stanley upgraded shares of LG Display (NYSE:LPL) from an underweight rating to an overweight rating in a research report report published on Tuesday, Marketbeat Ratings reports.
A number of other research firms have also weighed in on LPL. CLSA raised shares of LG Display from an underperform rating to an outperform rating in a report on Tuesday. Zacks Investment Research lowered shares of LG Display from a buy rating to a hold rating in a research note 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 reaffirmed a neutral rating on shares of LG Display in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. LG Display currently has an average rating of Hold and an average target price of $15.50.
LG Display (LPL) traded up $1.33 during mid-day trading on Tuesday, hitting $15.59. 3,875,400 shares of the company were exchanged, compared to its average volume of 1,021,533. LG Display has a 1 year low of $11.91 and a 1 year high of $17.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.40. The stock has a market capitalization of $10,950.00, a price-to-earnings ratio of 4.67, a PEG ratio of 0.68 and a beta of 0.47.
A number of hedge funds and other institutional investors have recently bought and sold shares of LPL. Diversified Trust Co lifted its position in shares of LG Display by 32.1% during the fourth quarter. Diversified Trust Co now owns 130,776 shares of the electronics maker’s stock worth $1,799,000 after purchasing an additional 31,815 shares during the last quarter. KCS Wealth Advisory bought a new stake in shares of LG Display in the fourth quarter valued at about $156,000. Highbridge Capital Management LLC bought a new stake in shares of LG Display in the third quarter valued at about $1,611,000. Schwab Charles Investment Management Inc. raised its holdings in shares of LG Display by 10.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 361,200 shares of the electronics maker’s stock valued at $4,848,000 after acquiring an additional 33,400 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of LG Display by 40.9% in the third quarter. Wells Fargo & Company MN now owns 101,158 shares of the electronics maker’s stock valued at $1,358,000 after acquiring an additional 29,342 shares in the last quarter. 4.04% of the stock is owned by institutional investors.
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LG Display Company Profile
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.
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