LG Display (NYSE:LPL) Stock Rating Upgraded by StockNews.com

LG Display (NYSE:LPL) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. Citigroup cut shares of LG Display from a “buy” rating to a “sell” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered shares of LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd.

LG Display Stock Up 0.9 %

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

Hedge Funds Weigh In On LG Display

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in LG Display by 27.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock worth $5,270,000 after buying an additional 283,441 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of LG Display during the 3rd quarter worth about $797,000. Blue Trust Inc. grew its holdings in LG Display by 546.6% during the 3rd quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock valued at $756,000 after purchasing an additional 155,030 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in LG Display in the 2nd quarter worth about $468,000. Finally, American Century Companies Inc. lifted its stake in LG Display by 5.7% in the second quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock worth $4,824,000 after purchasing an additional 63,080 shares during the last quarter.

LG Display Company Profile

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.