LG Display (NYSE:LPL) Rating Increased to Buy at Wall Street Zen

LG Display (NYSE:LPL) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other research firms have also recently issued reports on LPL. Weiss Ratings reiterated a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd. Zacks Research cut shares of LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

LG Display Trading Up 6.9%

Shares of NYSE:LPL opened at $4.76 on Friday. The stock has a 50 day moving average of $4.18 and a 200 day moving average of $4.49. The company has a market cap of $4.76 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 0.67 and a beta of 1.54. LG Display has a 12-month low of $2.43 and a 12-month high of $5.67. The company has a current ratio of 0.73, a quick ratio of 0.44 and a debt-to-equity ratio of 1.14.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.41). LG Display had a return on equity of 3.26% and a net margin of 0.98%.The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5 billion. As a group, equities research analysts expect that LG Display will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LPL. Creative Planning purchased a new stake in shares of LG Display in the second quarter valued at approximately $39,000. Ausdal Financial Partners Inc. bought a new stake in LG Display during the 4th quarter valued at $43,000. XTX Topco Ltd bought a new position in shares of LG Display during the 2nd quarter worth $46,000. Syverson Strege & Co bought a new position in shares of LG Display during the 2nd quarter worth $47,000. Finally, Resonant Capital Advisors LLC purchased a new position in shares of LG Display during the second quarter valued at $47,000.

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.