LG Display Co. (LPL) Hits New 52-Week High at $12.75
Shares of LG Display Co. (NYSE:LPL) reached a new 52-week high on Thursday . The stock traded as high as $12.75 and last traded at $12.69, with a volume of 145,279 shares trading hands. The stock had previously closed at $12.46.
LPL has been the subject of several recent research reports. Drexel Hamilton reiterated a “hold” rating and set a $9.00 target price on shares of LG Display in a research note on Thursday, March 17th. Nomura Holdings Inc. lowered shares of LG Display from a “neutral” rating to a “reduce” rating in a research note on Friday, April 15th. TheStreet raised shares of LG Display from a “hold” rating to a “buy” rating in a report on Wednesday, March 30th. Zacks Investment Research downgraded shares of LG Display from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Credit Agricole SA raised shares of LG Display from a “sell” rating to an “outperform” rating in a report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.18.
The company has a market capitalization of $9.06 billion and a price-to-earnings ratio of 20.55. The firm has a 50 day moving average of $11.01 and a 200-day moving average of $10.37.
Other hedge funds and institutional investors have recently modified their holdings of the company. Profund Advisors LLC raised its position in shares of LG Display by 3.6% in the fourth quarter. Profund Advisors LLC now owns 110,764 shares of the company’s stock worth $1,156,000 after buying an additional 3,814 shares during the last quarter. Edgemoor Investment Advisors Inc. raised its position in shares of LG Display by 46.9% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 164,660 shares of the company’s stock worth $1,719,000 after buying an additional 52,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of LG Display by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,457,899 shares of the company’s stock worth $88,312,000 after buying an additional 44,830 shares during the last quarter.
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display (TFT-LCD), organic light emitting diode (OLED) and other display panel technologies. It 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.