Wall Street Zen Upgrades LG Display (NYSE:LPL) to “Buy”

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

LPL has been the subject of several other research reports. Zacks Research downgraded LG Display from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, LG Display currently has a consensus rating of “Reduce”.

LG Display Price Performance

LPL stock opened at $4.87 on Friday. The firm has a 50 day moving average of $4.19 and a 200-day moving average of $4.50. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 0.67 and a beta of 1.54. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14. LG Display has a 12-month low of $2.43 and a 12-month high of $5.67.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of LG Display during the third quarter worth about $7,862,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in LG Display by 114.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after acquiring an additional 1,040,826 shares during the last quarter. Millennium Management LLC grew its stake in LG Display by 92.1% in the 4th quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock worth $3,268,000 after acquiring an additional 372,199 shares during the period. Corient Private Wealth LLC raised its holdings in LG Display by 125.0% in the 4th quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock valued at $2,667,000 after acquiring an additional 352,248 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of LG Display by 12.0% during the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock worth $5,166,000 after purchasing an additional 161,409 shares during the period.

LG Display Company Profile

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.