LG Display (NYSE:LPL) Upgraded to Overweight by Morgan Stanley

Morgan Stanley upgraded shares of LG Display (NYSE:LPL) from an equal weight rating to an overweight rating in a report released on Monday morning, MarketBeat reports.

A number of other brokerages also recently issued reports on LPL. StockNews.com downgraded shares of LG Display from a buy rating to a hold rating in a report on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of LG Display from a neutral rating to an overweight rating in a report on Wednesday, July 10th.

LG Display Stock Performance

Shares of NYSE LPL opened at $3.93 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.68. The company has a market cap of $3.93 billion, a P/E ratio of -1.62 and a beta of 1.37. The firm’s fifty day moving average is $4.13 and its two-hundred day moving average is $4.01. LG Display has a 52-week low of $3.45 and a 52-week high of $5.66.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). The company had revenue of $4.89 billion during the quarter. LG Display had a negative net margin of 8.18% and a negative return on equity of 21.29%. As a group, analysts anticipate that LG Display will post -0.74 EPS for the current fiscal year.

Institutional Trading of LG Display

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings in shares of LG Display by 307.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,756 shares of the electronics maker’s stock worth $33,000 after buying an additional 5,098 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of LG Display by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock worth $31,000 after buying an additional 2,363 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of LG Display in the 1st quarter worth about $32,000. HB Wealth Management LLC bought a new stake in shares of LG Display in the 1st quarter worth about $46,000. Finally, Drive Wealth Management LLC bought a new stake in shares of LG Display in the 2nd quarter worth about $50,000.

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.