LG Display (NYSE:LPL) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of LG Display (NYSE:LPL) from a hold rating to a buy rating in a report released on Thursday.

Several other brokerages have also weighed in on LPL. Citigroup lowered LG Display from a “buy” rating to a “sell” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. cut shares of LG Display from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

LG Display Stock Performance

Shares of LPL stock opened at $3.21 on Thursday. The company has a market cap of $3.21 billion, a P/E ratio of -1.83 and a beta of 1.33. LG Display has a 52 week low of $3.10 and a 52 week high of $5.66. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The business has a 50 day moving average of $3.50 and a two-hundred day moving average of $3.85.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LPL. Coldstream Capital Management Inc. raised its stake in shares of LG Display by 34.5% during the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock valued at $88,000 after purchasing an additional 5,588 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in LG Display during the 3rd quarter valued at about $797,000. Orion Portfolio Solutions LLC raised its position in shares of LG Display by 24.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 48,817 shares of the electronics maker’s stock worth $198,000 after buying an additional 9,527 shares in the last quarter. State Street Corp lifted its stake in shares of LG Display by 1.2% in the 3rd quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock worth $2,545,000 after acquiring an additional 7,412 shares during the period. Finally, FMR LLC boosted its holdings in shares of LG Display by 38.9% in the third quarter. FMR LLC now owns 42,861 shares of the electronics maker’s stock valued at $174,000 after acquiring an additional 12,008 shares in 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.